Retail Property (out of town) for sale

Lancaster Road,Morecambe,LA4

121 sq. m. | £260,000

Property Description

Commercial information

  • Business for sale
  • 1,303 sq ft (121 sq m)

Key features

  • REF: 2245
  • FREEHOLD
  • OPTICIANS

Full description

Tenure: Freehold

LOCATION
Moon & Coxhill Ltd occupies substantial two storey corner premises, ideally located in the suburb of Torrisholme in Morecambe, Lancashire. The business is surrounded by a wealth of complimentary shops and businesses, as well as densely populated residential areas, from which the business derives much of its trade. According to the 2001 census the Torrisholme ward had a residential population of 6,758. The village lies east of the centre of Morecambe and Poulton-le-Sands is to the north-west.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 2 miles away in Morecambe town centre. The area is also well served by the A-roads with the A683 within easy driving distance of the property, which links to the vast A-road and motorway networks. The business is in close proximity to the Lake District National Park and Blackpool is 31 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established opticians business in Torrisholme, Morecambe, Lancashire. The business was established by our clients 25 years ago and has been in its present location since 2006. Only now is the business being offered to the market due to our clients` desire for a well-deserved retirement. The business is open 5 days per week and generates a turnover in the region of 134,000 per annum, with a gross profit of approximately 75%.

Our clients offer a variety of optical services including sight test and eye examinations, field tests and tests for glaucoma, as well as offering expert advice and knowledge. The dispensing optician stocks a wide range of frames and lenses, which include all the latest styles and brands including Calvin Klein, Michael Kors, Rodenstock, Shamir and Varilux.

The business has an excellent reputation within the area for the high quality and friendly services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. The substantial premises are currently underutilised with four rooms on the first floor being used for storage or private offices, which could be refurbished and used as treatment rooms; therefore expanding the business.

We feel the turnover could be increased by extending the testing hours of the business as currently this is only done 3 days per week and Saturday morning. A new owner could also embark on a modest marketing campaign to highlight the business and the services offered. The business already has an excellent website in place to promote the services and goods offered.

This is an excellent opportunity for a new owner to take this already thriving and popular optician business to the next level; therefore early viewing must come highly recommended.

PREMISES
Substantial two-storey corner premises, briefly comprising:

Ground floor:

Attractive entrance.
Reception and waiting area.
Dispensing room and frame display to left.
2 x private consulting rooms.
Fitted kitchen

First floor:

4 rooms currently used for storage or private offices.
Bathroom.
Workshop.

Loft area used for storage.

Equipment included:

Reception counter.
Display stands.
Chairs.
All testing equipment (full inventory to be supplied).

External:

Well signed business.
On-street parking.
Rear yard.

TENURE
We are advised Freehold.

HOURS
The business operates:

Monday - Tuesday: 9.00am - 5.30pm
Wednesday: 9.00am - 5.00pm
Thursday - Friday: 9.00am - 5.30pm
Saturday: 9.00am - 1.00pm

STAFF
The business is owner run and managed with 3 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 134,000 per annum, with a gross profit of approximately 75%.

Nearest stations

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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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