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Trading For Over 30 Years
2015 Annual Turnover £150,000
Strong Gross Profits of 81%
Excellent Town Centre Location
EPC - F
Blacks Brokers are delighted to bring to the market these two leasehold optician businesses located in Hull and Cottingham. The businesses are located on Anlaby Road in Hull and Hall Gate in Cottingham.
Buckingham Opticians has been trading from Hall Gate in Cottingham since 2011. However, the opticians first became established more than 30 years ago and therefore has earned an enviable reputation in the area. The branch located on Anlaby Road in Hull, again became Buckingham Opticians again in 2011, with the business having been trading at this location for over 22 years. The business is only being offered for sale due to the owners’ other business commitments.
Cottingham is a large village just 4.5 miles from the City Centre of Hull. The business situated here is positioned on the busy Hall Gate, which is the main shopping street through Cottingham in an extremely affluent area. Other businesses on the street are chemists, eateries and convenience stores. The business operates from this attractive single fronted unit. The business is housed within a two storey construction the lease only concerns itself with the ground floor.
Hull is a busy and popular area of Yorkshire with a large residential community in addition to many businesses and visitors to the area. The business here is positioned on Anlaby Road, this is a busy, commercial main road leading into Hull city centre, there is on road parking nearby and other businesses in the area are mainly food and convenience, this is a very busy footfall area. The business is housed within a two storey building, and as with the Cottingham branch, the lease and business are contained within the ground floor. The business is just a stone's throw away from the K Com Stadium, home of the Premier League football club Hull City and the Super League club Hull FC, this means that the area becomes extremely busy on match days.
Both units are presented to a very high standard, with good quality fixtures and fittings and a high standard of equipment. There is a reception room in both shops, with attractive display items, a central desk for the receptionist and various freestanding and wall mounted display units. In both shops, this main reception area leads to the opticians room. The list of equipment is available on request.
Financially, the businesses generated an annual turnover of £150,000 in 2015 with extremely high gross profits and have a combined rental cost of only £272 per week, making this a superb opportunity for a new investor. The customer base, as one would expect, has been built up over decades of trading and therefore is extensive. The businesses enjoys repeat custom and build new clients through recommendations and referrals. This businesses would suit an owner who could have a more hands on approach, as currently the business only offers eye tests on specific days and this impacts on the trading figures. There are plenty of additional trading opportunities to build upon the business and push the business forward on to the next level.
Buckingham Opticians is a well-established opticians with steady turnover and impressive gross profits of 81% with ample opportunity to exploit potential trading opportunities to increase turnover and add to its already impressive profit levels. Early viewings are welcomed by appointment only and are strongly advised as soon as possible, as a swift completion is anticipated.
Please note: the Buckingham name is not included in the sale of the business
MON - FRI: 09:00 - 17:00
Alternate Saturdays: 09:00 - 12:30
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