Speciality Dance Shop

Harrogate, North Yorkshire
REF: 01156

Asking Price:
£69,950
Annual Turnover:
£87,500
Annual Net Profit:
£18,000
Recently Sold
REF: 01156
Photo of Speciality Dance Shop
Photo of Speciality Dance Shop
Photo of Speciality Dance Shop
Photo of Speciality Dance Shop

Overview

Tenure:
Leasehold
Established:
2003
  • WT: £3,000
  • GP: 70%
  • Low Overheads
  • Desirable Location
  • Viewing Essential

A unique and profitable opportunity to purchase a well established Dance clothing and equipment retailer in the vibrant town of Harrogate.

The business successfully trades from a terraced retail parade that occupies the ground floor or an original townhouse style building.

The entrance to the building is to the right hand side of a smartly presented shop face, this leads directly into a spacious and open plan sales floor which makes excellent use of the space available.

The large bay window at the front of the shop provides an abundance of natural light to create a welcoming feel to the business.

The stock is thoughtfully laid out into separated departments alongside the walls and freestanding units. The serving counter and till is at the back of the shop and is is the left hand corner. There is a storage/changing room to the right of this and a WC kitchen to its rear.

As well as this, the shop has an additional private storage room which is within the basement of the building, there is a separate rear access point that joins the building with the rear parking space that is available to the shop.

Overall, the building is in superb condition and is instantly ready to run.

Intelligent Business Transfer are delighted to bring this well established Dance retailer that is strongly positioned in the local market.

The business currently trades alongside another well established branch that is in York. The business fills a tangible gap in the local market place for the retail of dancing equipment ranging from Ballet through to Tap Dancing shoes.

Due to the numerous clubs and premium schools within the area, there is an abundance of regular and repeat trade who rely on the business and its almost monopoly market position.

The business is positioned on a very popular retail parade that is central and accessible. The business is directly opposite the town's theatre.

The business is currently owner operated by the founding owner with the help of competent staff. The weekly taking are very consistent and rarely fall below £2000 with peaks of £3000 in September. This produces strong net profits due to the low overheads.

The business would suit an owner operating partnership who would be able to reduce the overheads further and capitalise on the scope on offer. The layout and upkeep of the shop is immaculate and is a real credit to the current owner.

The current owner is looking to sell due to time commitments from her original business in York.

Viewing is Essential.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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