Euston Road, Morecambe, Lancashire, LA4

Retro Dreams

Business Information Memorandum

Business Summary

Retro Dreams, a well-established business specializing in vintage and retro themed products, has become a popular destination for enthusiasts and collectors alike. They appeal to the gaming community with a vast range of vintage video games for sale. Located in a vibrant shopping district, Retro Dreams offers a diverse array of items including vinyl records, cassettes, CDs, DVDs, musical Instruments as well as other assorted electronic devices and memorabilia.

Business Overview

Location: Morecambe, Lancaster.

Premises: Operated from a leasehold retail premises which will be made available by an assignment of the lease at a low £115 per week rent. The shop is being sold with an estimated £60,000 worth of stock (retail)

Products and Services

Located in a vibrant shopping district, Retro Dreams offers a diverse array of items including:

* Vinyl records

* Cassettes

* CDs, DVDs

* Variety of Video games, From 8 bit games to PS4

* Musical Instruments

* as well as other assorted electronic devices and memorabilia

Profit margins are extremely high as items brought for as little as £10 from people walking in off the street can often be worth as much as £300 when priced at retail.

The premises also have a small seating area (inside and out) where customers can enjoy a coffee, cold drink and various confectionary on sale. There is a kitchen area (needing renovation) which provides the opportunity to create a full cafe. There is also a large backroom area (currently used for storage and office) that could easily be utilised as another seating area or extra shop space. There are also two toilets (one suitable for disabled customers). There is also a large cellar.

Key Highlights:

Strong Market Position:

Established brand with a loyal customer base in Morecambe and surrounding areas. Good one-off walk-in trade from tourists, especially through summer months. Known for its unique products and high-quality of service.

Robust Financial Performance:

Consistent revenue growth year on year. Solid profitability with potential for further expansion and revenue streams.

Strategic Location:

Situated in a bustling commercial area with high foot traffic.

Accessible location with ample parking.

Innovative Product/Service Range:

A diverse range of products/services that caters to a wide spectrum of customers with opportunity for expanding the product/service lineup.

Online Presence:

The business sells their products online in addition to the store, including eBay and social media pages including Facebook, which helps promote the business and location of the store. There are opportunities for a new operator to invest more into this area and introduce an e-commerce website to compliment the retail store and gain a national presence off the back of the established brand.

Staff and Management

Key Staff: The business is operated full time by the current owners.

Equipment: The business is operated full time by the current owners. Equipment: The store has been fully fit out with shelving and racking for products and to present the store to a good standard. 80% of materials used have been recycled.

Reason for Sale and Terms of Sale

The owners are selling due to ill health of one of the owners and the other having to return home to look after a family member so is unable to continue, so they are looking to sell this established business. They seek a smooth transition with handover period available.

Financial Overview

Detailed financial statements will be made available to any interested party.

Further Information

Further information is available by speaking with the us and viewings are strictly by appointment only.

For more information please contact us.