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Watch Shop & Repairs Bournemouth

Bournemouth, Dorset
Leasehold Price:
£75,000
Status
FOR SALE
Advert ID
236331
Reference
H21770 / Rightbiz

FEATURES
Goadsby Commercial present long established town centre retail watch shop and repair business.  Loyal customer base.  Includes basement workshop/store room.  Fully fitted and equipped throughout.  In current ownership for 22 years – retirement sale.

DESCRIPTION
The ground floor retail shop has a carpeted floor and ceiling strip lights, 2 window displays housing watches, 12 glass watch display cabinets, 2 watch repair work benches, wall mounted display racking and a safe.  In the basement is a cloakroom and workshop room with a workbench.  To the front of the unit are retractable metal security grills.

SUMMARY OF ACCOMMODATION
Retail Shop. Basement with Cloakroom and Workshop Room.

LOCATION
Prime central Bournemouth Town Centre position fronting major shopping street. Situated amidst major High Street multiples including Caffe Nero, H&M and Holland & Barrett. Poole approx. 5½ miles. Christchurch approx. 5½ miles.

TRADING & BUSINESS
The owner informs us that he currently trades Monday to Saturday from 9.00am until 5.30pm (in December and the summer months the shop operates 7 days a week). The Watch Shop sells watches and watch straps and also fits new batteries and adjusts straps. The business is operated by the full time owner and his wife and they have the use of up to two part time members of staff if required. The turnover in the year ending 31st August 2017 was £73,308 with a New Profit of £23,908.  The current owner is now retiring, hence the need to dispose of the business.

TENURE
LEASEHOLD.  The premises are held under an original 15 year lease from 25th June 2010 at a current rent of £15,500 per annum. We have not had sight of this lease documentation.

Listing Details
Leasehold Price: £75,000
Tenure: Leasehold
Location: Bournemouth, Dorset
Sector: Repair Business
Key Features
  • Established Business
  • Town Centre location
  • Retirement Sale
  • Fully Fitted
Contact Agent
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Advert Reference: H21770 / Rightbiz
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