This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Shop for sale

Northgate Street, Gloucester, Gloucestershire, GL1

£79,950
201 sq. m.

Property Description

Commercial information

  • Business for sale
  • 2,163 sq ft (201 sq m)

Key features

  • REF: 14260 H
  • LEASEHOLD
  • SPORTS SHOP

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market this very well-established, family run sports retailer established in 1908 by the Hudson family. The store is very busy and extremely well-known, offering a great central location, having many long term and loyal customers.

The business itself had been run by the current owner for the last 33 years and was originally established by his great grandfather way back in 1908. The owner is now looking towards a very well-earned retirement.

They specialise in Rugby union, however do offer a very wide range of other sports to include, football, cricket, racket sports, indoor sports, garden games and a wide range of sports clothing, footwear and equipment. They have also expanded into online sales with a good quality website, found at www.hudson-sports.co.uk.

This is a fantastic business with a good turnover and gross profits, which would ideally suit an enthusiastic owner who could push the business forward to the next level.


LOCATION
Hudson & Co Sports Ltd is situated in Gloucester city centre on Northgate street, in an excellent trading location close to Debenhams. The shop is situated within walking distance of Gloucester cathedral and the historic docks.

The area is well served by the M5 motorway, which runs to the east of the city. The A38 runs north-south through Gloucester connecting the city with Tewkesbury and Bristol. The A40 runs west to east, connecting Gloucester with Cheltenham.

PREMISES
The premises occupy a great central position, in a busy location and offer plenty of space with 201 sqm overall. The shop consists of a main retail area with customer counter, changing rooms, displays, racking and shelving, hanging rails to accommodate a wide range of sports clothing, equipment and accessories.

To the rear there are 2 good sized store rooms with side alley way, offering external side entrance.

This area also has a kitchen, WC and office with computer system, desks and chairs.

The shop is fully air conditioned and has a full security system including CCTV with 4 cameras. There are also 2 tills fitted with the modern EPOS system, an extensive range of storeroom shelving, a fully equipped and furnished office and staff kitchen with microwave and fridge.

The business is exceptionally well organised and has a large customer base in place with much repeat custom as well as high footfall provided by this excellent location.

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

Currently on a rolling lease.

The current rent is 24,000 per annum.

HOURS
Monday - Saturday: 9:00 a.m. to 5.30 p.m.
Sunday: 10:30 a.m. to 4.30 p.m.

STAFF
The business is currently run by the owner, 3 further full-time staff and 1 part time member.

FINANCIAL PROFILE
We believe from the vendor that the shop currently turns over in the region of 350,000 per annum with a healthy gross profit.

According to the VOA website the current rateable value is 24,250 with rates payable of 12,662 per annum.



Map & Street View

Disclaimer - Property reference 14260H. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.