Shop for sale

Antelope Walk, Dorchester, Dorset, DT1

176 sq. m. | £164,950

Property Description

Commercial information

  • Business for sale
  • 1,894 sq ft (176 sq m)

Key features

  • REF: 12650
  • LEASEHOLD
  • HOUSEHOLD APPLIANCES

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Owen and Simpson Of Dorchester. The business was originally established 25 years ago by our clients. The owners have built this business up to have an exceptional customer base and an enviable reputation. The owners are now looking to sell the business, due to the desire to take a well-deserved retirement.

This is a business that offers household products, such as kitchenware, cooking essentials, electrical goods and much more. They offer their products from a large retail store, in the town centre of Dorchester. The business also has a retail space in a garden centre close by. The business website is also a popular way of shopping. They offer deliveries for just 1 to Dorchester, Weymouth and Portland areas of Dorset.

The business currently generates an advised turnover of around 323,000, with a gross profit of around 40% as of 2015 accounts. This is a fantastic turnover, that can be increased by advertising the business on free social media sites, such as Facebook. This is a great way of advertising as there are a lot of users on the site.

Our clients rent the space in the garden centre. This space is 6,500 per annum, the staff at the garden centre run this store. With every transaction our clients pay 7% commission. The new owner could look to expand to further stores across the UK, to allow for more sales nationwide.

This is an exceptional business opportunity that should not be missed. The great reputation allows for repeat loyal trade. Hilton Smythe highly advise early viewing, in order to take in the full potential of this well-known household store.


LOCATION
Owen and Simpson Of Dorchester is located in Dorchester, Dorset.

The business is situated in the town centre of Dorchester. This is a very nice location with a variety of independent retail outlets. The town centre receives a generous amount of footfall from the locals, that live in the area. The town also receives trade from tourists looking to shop in this cosy location. This area has bags of character and fantastic architecture; which shows throughout.

The other retail space is situated in a garden centre in Poundbury.

The business boasts prominent locations, that generate high amounts of footfall. The main store is set back on a street, which leads through to a court yard of stores, allowing for passing trade. The store is close to the main road that runs through the town. This connects to the A35, which circles the town.

This area boasts great public transport. There are bus stops dotted around and also a train station just a short 10 minute drive away.

PREMISES
The premise boasts a double fronted property. There are two bay windows at the front of the property giving the premise character. The door to the entrance is in between these windows.

This is a fantastic sized premise that has been completed with perimeter shelving throughout. There are also several stand up display units and counters dotted around. The retail space is set out on the ground floor, this has different levels.

The till is to the right on entrance, this has a clear view of the whole store. At the back of the premise is the store room. This is a good size with shelving for stock.

First Floor
On the first floor there is a large stock room. This is well-organised with shelving. On this floor there is also a staff room and office.

Equipment included in the sale is as follows-
Shelving
Racks
Stands
Counters

We are advised there is another retail area in a garden centre in Poundbury, Dorchester.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 25 years
Remaining lease length: 3 years as of 2016.
Rent: 32,000 per annum
The rent for the garden centre plot is 6,500 per annum, which is included in the overall rent figure.

The lease is easily renewable.

HOURS
The business opening hours-

Monday - Saturday: 9am - 5:30pm
Sunday: Closed

STAFF
The business is run and managed by our clients, with the help of two-three part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 232,000.
Gross profit 40% as of 2015 accounts.



Nearest stations

  • Dorchester West (0.4 mi)
  • Dorchester South (0.4 mi)
  • Upwey (4.8 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 299139 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

  • Dorchester West (0.4 mi)
  • Dorchester South (0.4 mi)
  • Upwey (4.8 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 299139 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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