Superb Fancy Dress Hire Business In Hull For Sale

Business description

Superb Fancy Dress Hire Business - Hull
1st floor bridal wear showroom (currently unused)
Spacious 3 storey property with adjoining shop
Turnover £5-600pw with high gross profits
Viewing highly recommended
Same owner for 27 years
Genuine retirement sale
Only 26½ hours open
Town centre location
Tremendous scope
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale the old established, well known & highly regarded concern, which was founded by our client some 27 years ago and is now reluctantly being offered to the open market because of retirement.

Our client, during her many years of ownership, has developed a loyal customer base with a majority of repeat business, built on an excellent reputation of providing a costume for any occasion. Currently, due to her pending retirement, our client chooses to run the business at a pace that suits, so there is tremendous potential to improve on the current turnover of £5-600pw which is achieved on the opening of 26½ hours per week.

There is further scope to expand the business by re-establishing the bridal wear showroom at first floor level which is custom fitted and partly stocked. An ideal offer we feel for any purchaser with the vision & energy to take this business to the next level of success. Viewing is highly recommended and an internal inspection a must to fully appreciate the potential of this outstanding concern.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 9 years
Remaining: 20 months
Review: 3 years
Rent: £9,000pa
(new lease will be for 10 years with no increase in rent)

Living accommodation:

A 3 storey property circa. 1862 with brick frontage and rendered side elevations includes a small adjoining single storey retail unit briefly comprising: GROUND FLOOR Front entrance - sales and displays area purpose fitted Reception counter with Tel/Fax & credit card machine Fitting / workroom with hanging rail display units Large rear stockroom with fitted display area Kitchen / utility / ironing room includes steam press - dryer - washer Stainless steel sink unit 2nd stock room Access to adjoining shop unit FIRST FLOOR Bridal show room purpose fitted with display hanging rails 2x toilets SECOND FLOOR Large stock room with hanging storage rails Rear fabric stock room

Location:

The business is situated on Posterngate, close to the Princess Quay Shopping Centre and a wealth of restaurants, café bars, coffee shops and many high street retailers, which creates a busy pedestrian flow through out the day. Hull is located on the North bank of the Humber Estuary, near England's East coast and is an important city due to its port and industrial history.

The city is surrounded by the rural & beautiful East Riding of Yorkshire, which has numerous attractions and other popular market towns. The main route into and out of Hull by road is the M62 motorway, which is one of the main East-West routes in Northern England. It provides a link to the cities of Liverpool, Manchester and Leeds as well as the rest of the country via the UK motorway network. The motorway itself ends some distance from the city; the rest of the way is along the A63 dual carriageway.