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Established Retail Business In Wishaw For Sale

Wishaw, North Lanarkshire, UK
Asking Price:
Offers in excess of £60,000 The business is offered for sale as a going concern to include goodwill,
Turnover:
Undisclosed
Net Profit:
Undisclosed

The subjects comprise a mid-terrace sandstone building under a pitched and slate-covered roof, providing retail accommodation arranged over the ground floor. The first and attic floors are currently being used for storage.

The property is accessed via a recessed entrance, which benefits from two separate double doors that lead into the main sales area. The ceilings in the main sales area incorporate fluorescent strip lighting. The walls are painted and covered in fixtures and fittings to display stock. The floor is of a solid nature and is covered in vinyl tiles. There is a post office situated at the back of the property. Next to the Post Office is a door that leads to a stairwell for access to the upper floors and a fire exit that leads to the year at the rear, which is enclosed by palisade fencing. The upper floors also benefit from a separate stairwell near the front of the shop.

The subjects comprise a mid-terrace sandstone building under a pitched and slate-covered roof, providing retail accommodation arranged over the ground floor. The first and attic floors are currently being used for storage.

The property is accessed via a recessed entrance, which benefits from two separate double doors that lead into the main sales area. The ceilings in the main sales area incorporate fluorescent strip lighting. The walls are painted and covered in fixtures and fittings to display stock. The floor is of a solid nature and is covered in vinyl tiles. There is a post office situated at the back of the property. Next to the Post Office is a door that leads to a stairwell for access to the upper floors and a fire exit that leads to the year at the rear, which is enclosed by palisade fencing. The upper floors also benefit from a separate stairwell near the front of the shop.

Trading Information: Homestyle is an established business operating as a hardware sales store, currently generating c. £5,500 per week in sales and services. The business enjoys regular all-year-round trade, which is its prime position. The business trades Monday through Saturday from 9am to 5:30 and is closed on Sundays.

The current operator has decided to sell the business, thus creating an exciting self-employment opportunity. The operation prides itself on the personal touch, and it would be vital for any new owner to have the same ethos and outlook. The bespoke service the current owners provide is reflective of the success of the business and, in turn, the return on investment. The sale of Homestyle provides an opportunity to acquire an easily manageable retail business. Accounts will be made available to seriously interested parties after the viewing stage.

Offers: The business is offered for sale as a going concern to include goodwill, fixtures, and fittings for offers in the region of £60,000 plus stock at valuation. Proof of sales will be made available to seriously interested parties after the viewing stage.

Tenure: The subjects are available by way of a new lease on full repair and insurance terms, at a rent of £36,000 per annum. Full quote terms are available upon request.

Rateable Value: According to the Scottish Assessors Association, the subjects have a rateable value of £22,750.

EPC: A copy of the Energy Performance Certificate (EPC) is available upon request.

Key selling points:
Busy thoroughfare

Established business

Town centre trading position

Weekly sales: c. £5,500

Self-employment opportunity

Potential to increase turnover

No VAT on the rent

Property Information

Property:

Freehold

Size in square feet:
10769 sqft