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Leasehold Chiropody Business & Gift Shop with 5 bed flat on a commercial lease.

Leyburn, North Yorkshire
Status
FOR SALE
Advert ID
260023
Leasehold Price: £95,000
Annual Rent: £15,000
Annual Turnover: £133,000
Annual Net Profit: £35,000

Available due to retirement.

 

971 Square foot of shop space a five-bedroom, two reception room beautiful flat over. Subject to criteria, this could be an owner-financed sale. (Minimum £60,000 deposit and balance financed with Guarantor requirement).

"A once in a lifetime opportunity" to purchase a Leasehold business in the Heart of Wensleydale. Nestled in the cobbled market square of Leyburn, the current owners have evolved the business over some 14 years. The current arrangement has a permanent income stream from the Chiropody business which more than covers the overheads while the rest of the premises house an "Olde World" sweet and confectionery sales area, gifts, and goodies for the person or the home. Included in the annual rental payment is a beautiful five-bedroom flat, with two lounge areas, a family bathroom and kitchen spread over the two upper floors with fantastic views over the Yorkshire Dales to the rear. Outside is a small garden area, laid to concrete with tubs and surrounded by a traditional Yorkshire stone wall - a real sun trap for sitting out and relaxing. There is massive storage shed included.

The business doesn't need a Chiropodist/Podiatrist involvement as the clinics generate an income for the business owner from the other practitioners on a "rent a chair" basis. There is no tied subletting arrangement. However, the current owners do provide the Podiatry service on two days with the other practitioners covering other days to offer a seven day a week service. The other practitioners will pick up this business if the new owners are not directly involved with this part of the company. The regular clientele provides for additional sales with purchases from the other area of the shop.

The Yorkshire Dales Town of Leyburn is a feeder Town for up to 14000 residents who live in and around the Dales villages and other small Towns, some eight miles from the largest Garrison Town in the World, Catterick. There are around 45 different businesses in the Town, including a small family-owned supermarket and five pubs. The Town has all year round tourism, a magnet for nature-loving people who like to walk and cycle the dales, an abundance of B&B, Holiday Cottages and Caravan Parks catering for their needs.

There are two schools, a Primary and a Secondary in the Town.

The business is sold as a going concern, the employees are aware of the sale. There is currently three part-time paid employees and the business owners. The shop (pre covid) was open seven days a week and is returning to that as demand increases and visitors are allowed to return.

Finances.

The purchase price is for the business, it includes fixtures and fittings but not the current stock, which is sold at valuation on the day of the sale. Annual stocktakes would suggest this is between £17,000 and £20,000 depending on the time of the year. The building is then leased at the rate of £15000 a year (including the large five bed flat). Current turnover £130,000 Nett profit after all costs and wages £35000. Full accounts available.

Lease.

The property is held by a local Landlady and independent of multiple large owners - the Yorkshire Dales style! The term is for an initial ten years, rent reviews every five years and a new lease will be granted to the new owner, The lease is renewable. The current owners have been in the tenancy for 14 years. The tenant provides for the Landlords building insurance, currently £360 per annum. The shop and flat are let on one Commercial Lease. The tenant is responsible for everything inside, decor, heating, etc and the Landlady is responsible for everything outside, including windows, roof, gutters, etc. The tenant must have the outside paintwork renewed every three years. The shop windows are covered on the tenant's insurance.

Rates.

The flat is rated band B. The shop is currently exempt from paying rates under the Small Business Rate Relief system.

Services.

All mains services are provided to the property.

Trading details.

There are two clinical rooms at the rear of the shop with a waiting area for Chiropody patients. Surgery one has a WC.

The rest of the shop is given over to retail. The deceptively large shop is like a tardis, a small room incorporating a range of room scents, candles, cones, incense and room sprays. The lower sales are has a range of personal body care products, hand made soaps, massage oils, foot care products bags, and a range of T towels and the stockist for the Big Bobble Hat company. The focus is very much on the tourist and local gift/home market. The front of the shop has a huge range of confectionery, Chocolate bars, homemade fudge, nougat, traditional cinder toffee and if that wasn't enough to tempt you, a large section of traditional sweets in jars for weighing out. There is also a range of handmade wooden crafted goods, pictures, hooks and mirrors for the home, and the Wobbly Dog is the designated stockist for the Jomanda range of soft toys from birth. Every inch of the shop is taken over to quality merchandise. There is a small stock room housing a couple of freezers to keep the spare ice cream stock. The shop sells take away tea/coffee and cold drinks and beautiful "Cream O' Galloway" ice cream, and in addition to scooping ices, offers a soft swirl ice cream.

The current owners have a provenance for all things Yorkshire where possible, and the range of Chocolate Bars made exclusively for them. All but a few suppliers have entered into exclusivity arrangements with the owners. These agreements will pass to the new owners.

The front serving desk, multi tasks as the reception and booking area for the Chiropody Services. This truly is an eclectic business and it's diversity brings repeat business year round.

If you want the mayhem, stresses and strains of city life then this is not the business or location for you. This is a lifestyle opportunity and rarely comes with such benefits of an established, easy managed family business.

Purchase.

Interested parties will need to ensure they have finance available for the purchase before making any offers. The vendors are happy to receive reasonable offers. A deposit will be required to be lodged with the vendor's solicitors when an offer is accepted and whilst completion is done. The property will not be available to other parties during the completion phase. The balance is payable on completion. Stock at Value is paid by transfer on the day of the sale following an independent stock valuation. Each side is responsible for its own legal costs. The current owners will transfer all trade and supplier details and be available for initial support whilst the business transfers. This is a retirement sale and the current owners are relocating to be near elderly relatives who need care & support.

Further pictures are available please contact me using the mobile number and on WhatsApp and I can forward them.

 

Listing Details
Location: Leyburn, North Yorkshire
Sector: Chiropractors, Gift Shops, Sweet Shops
Key Features
  • Accounts Available
  • Unique Business
  • Retirement Sale
  • Owner Financed
  • Established Business
  • Split Level Trading Area
  • Potential for Alternative Use
  • Offers Invited
  • Adjacent to Multiple Retailers
  • Central Position in Affluent Village
  • Price Reduced
  • New Lease
  • Attractive Business
  • Town Centre location
  • Fully Fitted
  • Small Business
  • Close to Local Amenities
  • Prime Location
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