Commercial Property for sale

Chopwell Road, Blaydon, Tyne And Wear, NE17

£240,000

Property Description

Full description

FANTASTIC PATCHWORK & QUILTING SUPPLY STORE WITH OWNERS' ACCOMMODATION - TYNE AND WEAR
Situated near the desirable city of Newcastle Upon Tyne
Well presented 2 bedroom accommodation
Advised annual turnover of £117,669
Well established and highly reputed
Brilliant website and advertising
Ideal lifestyle opportunity
Genuine reason for sale
FREEHOLD


Location

This superb business is situated approximately 10 miles west of the bustling, upmarket city of Newcastle Upon Tyne, commonly known as Newcastle, in the large county of Tyne and Wear.

The city is located north of the River Tyne, and lies at the urban core of the Tyneside. Newcastle is one of the largest cities in England allowing it to hold a brilliant variety of attractions. One of the main iconic attractions to see in Newcastle would be the 'Angel of the North'; this greets all incoming visitors with welcoming open arms. The beautiful attraction is visited by over 150,000 people per year; visitors from all over the world come to see this eye-catching peace of art surrounded by an array of stunning scenery.

Newcastle also benefits from having it's own well known Premier League football club 'Newcastle United Football Club' which is popular all around the world, bringing tourists to their 52,339 seated stadium 'St. James' Park'.

Surrounding the business is a large amount of parking and travel facilities, which allows people to travel to and from the shops. Newcastle enjoys being a large market city, holding a wealth of high street shops, restaurants, cafés, public houses, fantastic NHS services, education facilities and many more which create the city to be a perfect place to live and visit.


Business History

Meridian Business Sales are delighted to offer this superb patchwork and quilting supply store, which was established by our client in 2005. The business is an agent for Brother Sewing machines as well as Husqvarna & Pfaff sewing machines. Our clients sell the machines on a commission basis.

The shop is well looked after by a well trained full time member of staff whose knowledge is invaluable and the customers' rely on, as well as a part time member of staff.

Another full time member of staff takes care of the various aspects of administration and ensures the website is well looked after and kept up to date. Since our client created this fantastic establishment, she has continuously invested time and money into the business and premises, meaning it is in full walk in condition.

Our client has complete dedication to the business, allowing it to have generated a brilliant reputation with their loyal client base. The aim of our clients' desires is to meet every customers' needs, making sure all stock provided is at the highest standard also at an affordable price.

They also have a dedicated website which currently has in excess of 8,000 people registered, of which 5,000 receive regular newsletters, which allows the business' client base to continuously grow. The only reason our client has instructed us to offer this exceptional business to the market is due to unfortunate ill health.

The business is a large retail outlet which sells a range of fabrics, books, patterns and many other sewing notions needed to make a patchwork quilt or other fabric projects. There are also many more excellent products available at fantastic prices. The sale of the stock generates the business a respectable annual turnover of £117,669 with a gross profit margin of 71.18%. The business offers other brilliant services including; a loyalty scheme, workshop classes, and attending quilting shows.

The workshop classes run in two ways, either a drop in workshop which is when people come along to join in and receive professional and well trained help and guidance, the other way is a structured class where everyone is learning the same project.

The business is extremely popular with clients' due to their excellent delivery service, and they offer same day dispatch for most products. Early viewing is highly essential for this business, as this exceptional patchwork and quilting supply store is not to be missed.


Financial Profile

Turnover: £117,669pa
Gross Profit: 71.18%


Tenure

We are advised freehold


Opening Hours

Monday: Closed
Tuesday: 10:00am - 4:00pm
Wednesday: 10:00am - 4:00pm
Thursday: 10:00am - 4:00pm
Friday: 10:00am - 4:00pm
Saturday: 10:00am - 4:00pm
Sunday: Closed


Accommodation

Double glass fronted and well maintained stone built, terraced property with eye catching signing and window displays, briefly comprising:


GROUND FLOOR
Secure entrance leading to:

Sales area

Serving/payment counter

Cash register

Office

Toilet facilities

Studio/workshop area

Toilet facilities

Fully fitted kitchen

Storage area

FIRST FLOOR
2x double bedrooms
Fully fitted kitchen
Dining room
Living room
Large family bathroom

Nearest stations

  • Prudhoe (4.6 mi)
  • Wylam (4.7 mi)
  • Stocksfield (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Prudhoe (4.6 mi)
  • Wylam (4.7 mi)
  • Stocksfield (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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