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BUSINESS REFERENCE : 8649 / RightBiz WELL ESTABLISHED SPECIALIST RETAILER | | | | | | Successful high street specialist retailer offering Highland Dress to buy and Hire along with beautiful jewellery and quality gifts. Unique marketing position in the North East. | | | BUSINESS LOCATION: | Whitley Bay Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SELLER: | Private Sale | LEASEHOLD: | £N/A | ANNUAL RENT: | £12250 | | | | | | | | | | | BUSINESS DETAILS: | Details: Scotch House, Whitley Bay
Situation
On Park View in Whitley Bay on the East coast of England, approx. 11 miles from Newcastle upon Tyne.
Whitley Bay itself is currently undergoing a huge regeneration scheme which should increase the number of visitors and shoppers to the town.
Park View has recently become a very popular and lively street with a range of businesses, from fashion stores, delicatessens and cafes to estate agents and specialist shops such as this and is a pleasant environment in which to conduct business.
Description
The shop trades from the ground level although there is space on the 1st floor for expansion. This area is currently used as an office and storage, with a small kitchen and toilet, the total area being approx. 1400ft.sq.
The retail space is filled with slat board fronted with tower wall, counter and corner illuminated display cabinets, glass wall shelves and informal seating for customers during hire fittings or larger Highland Wear purchases plus a changing cubical.
The store is always very well presented and well maintained.
The Business
The client has owned Scotch Corner the business for 13 years with the first store opening in 1995.
The business occupies a rather unique position in the North East selling a selection of unique high quality jewellery with a Scottish and International flare, plus gifts, collectables and accessories for all occasions and also producing tailored kilts, highland wear and quality gents and ladies clothing.
There is a strong repeat customer base and Scotch Corner has become well known for offering quality jewellery and gifts not normally found on the high street and Highland Wear wedding and anniversary hire along with a newly introduced and quickly growing Prom Tuxedo Hire from knowledgeable and friendly staff.
There is a broad range of products, the majority of sales are represented by the companies fine stock of jewellery in silver and gold to diamond and platinum.
The business also retails the finest quality traditional Scottish, Irish and Welsh kilts and full Highland Dress which are fully complimented by a complete range of accessories both available to but or hire.
This well established business has a good name in the North East for quality goods not normally found on the high street and with a reputation for excellent service.
The shop experiences repeat business from loyal customers and recommendation from local hotels for our hire service with good potential for future development.
Trading Information
Current accounts show an 11% increase on the previous year with turnover being £115,350 and gross profit £52,000
Trading Hours
The shop opens Monday to Saturday 9.00 - 5.00 closed holidays, with slightly extended hours the 3 weeks before Christmas.
Staff
The business currently employees 1 full time and 1 part time assistants with a book keeper one morning a fortnight.
The business could run satisfactorily with this level of staff or by new owners.
Fire Risk Assessment
In accordance with the Regulatory Reform (Fire and Safety) order 2005, we have assumed that an adequate Fire Risk Assessment has been carried out where there are more than 5 people employed in the business.
Tenure Details
There is a renewable lease until 2021 with a current rent of £12,250.
The business benefits from, Small Business Rate Relief. | | | | | CONTACT: | Confidential Sale | | TELEPHONE: | Confidential Sale | | REFERENCE: | 8649 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
