Business description

DVD RENTAL, CARDS, GIFTS & FLORIST - WEST MIDLANDS
Advised turnover £2,000pw with good gross profit returns
Large retail sales space with sizable front displays
Ideal trading location in Wordsley, Stourbridge
Very well known business trading for 19 years
Ideal lifestyle change opportunity business
Priced for quick sale
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this excellent leasehold business which was first established by our client in 1990. Our client is only now placing it on to the market due to her wish for semi retirement and a change in pace. The business which is run and managed by our client achieves a very respectable advised weekly turnover of £2,000 which is derived from the sale of a wide variety of goods including DVD rentals, fresh flowers, cards, gifts and associated products. The property also offers a sizable 2 bedroom first floor flat which our clients currently sub let at £333 pcm. A new owner has the choice to continue sub letting the flat which contributes to a large proportion of the rent or use it as personal accommodation which would provide a very cost effective living arrangement. The shop is very well known locally due to its history of some 19 years trade and is used by many as the first port of call for gift ideals, video rentals and fresh flowers. The business also receives a good amount of new customers as the neighbouring shops attract shoppers throughout the year. This is an ideal husband and wife opportunity which offers an established business with a solid trading history. Our client is including all fixtures and fittings in the sale price which will mean additional monies will not need to be spent for the foreseeable future. We feel this is an ideal lifestyle opportunity and our client is offering the business for sale at a very keen price in order to facilitate a speedy sale.

Property information

Property:

Leasehold

Lease terms:

Leasehold - Original length: 12 years
Remaining: 8 years, Rent: £14,000pa

Living accommodation:

Well presented and well maintained corner property with ground floor shop and first floor accommodation, briefly comprising: GROUND FLOOR Prime corner location with large front advertising space, large product display space (flowers, goods), full glass fronted and secure front entrance leading to: Open plan retail sales area with large central cards, gifts display, wall fixed DVD rental wall, additional wall fixed shelving, hangings for additional sales and display space, several free standing displays, drinks chiller display fridge, large fitted serving, payment counter and additional display space. Behind counter DVD storage, work space, work table for flowers etc, large storage stock cupboard, toilet and additional large storage area fully lockable. FIRST FLOOR Secure self contained flat comprising of: 2 double bedrooms, living room with connecting kitchen, fitted kitchen with worktops, wash basin and cupboards, bathroom with bath, toilet and wash basin. EXTERNAL Large free of charge communal parking facilities Highly visible trading location

Location:

This excellent business has an ideal trading location in Wordsley, Stourbridge, West Midlands. The shop has a prime position on a well presented retail arcade which has a good selection of shops and businesses. The arcade is very well known and sits on a main through road which sees a good amount of passing trade on a day to day basis. The businesses on the parade enjoy free off road communal parking facilities which is a huge convenience for all customers. The local area is densely populated which is big plus for the business as there are a good number of local people who live within a short distance of the business which provides a consistent customer base. Wordsley is an ideal business and residential area with several attractions and amenities close by including the Merry Hill Shopping Centre which is less than 3 miles away and Russell Hall Hospital which is only 4 miles away. Other attractions include well presented parks, lots of public houses and restaurants and many well performing schools. Wordsley is less than 10 miles away from the M5 motorway which makes visiting and commuting very easy.