Leasehold Books & Music Shop For Sale

Business description

Bag a Business is delighted to offer for sale this highly regarded retail business, selling books and specialist CDs (classical, jazz and folk), in Ludlow. Ross's Books and Music has been established for over 20 years and has built up an enviable reputation throughout the region. The business sells a significant quantity of 'remaindered books' and does not stock children's books. It has an extensive customer base as there are no similar businesses within a 30 mile radius of the premises. Currently the business is run at a pace to suit our client with an annual turnover of £99,200 achieving a 39.4% gross profit. However, it should be noted that in previous years turnover has been in excess of £130,000. This is a particularly attractive purchase as the business occupies spacious and picturesque premises with three distinctive sales areas on the ground floor and the internal configuration for spacious private accommodation on the first and second floors. This is a unique opportunity to purchase such a thriving and highly regarded business in such an ideal trading location. This would be an ideal purchase for a literary or music enthusiast to make a lifestyle change. Early discussions with Bag a Business must come highly recommended.
It should also be noted that our client is selling a grade II listed, 3 storey plus basement terrace property with five bedrooms, which is also in the heart of the conservation area of Ludlow and within two minutes walk of the business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
New lease to be assigned
Rent: £10,500 per annum

Living accommodation:

ACCOMMODATION DETAILS A substantial three-storey property with additional basement area, situated in the heart of the conservation area in Ludlow. Briefly comprising: GROUND FLOOR Main entrance Open plan retail sales area Wide sales counter with electronic cash register and credit/debit card terminal CD racks and shelving on perimeter walls 2 spinners Books and CDs sales room Additional sales room Stairs to basement level, divided into three rooms with stone flag flooring FIRST FLOOR Potential for private accommodation Landing Kitchen and dining area Additional room/lounge Bathroom with WC and basin (exceptionally large with room for bath and walk-in shower if desired) SECOND FLOOR Landing 2 large rooms (bedrooms) EXTERNAL Wide double frontage Front canopy

Location:

Ross's Books and Music is situated in a prominent and highly desirable trading location, on Church Street, within the centre of the picturesque town of Ludlow in Shropshire. The business occupies particularly attractive three-storey premises, with a ground floor retail sales area and potential for substantial private accommodation on the first and second floors if desired. It is surrounded by a variety of other complementary shops and individual businesses, which attract a high daily footfall. It is in the heart of the Ludlow conservation area and is regarded as one of the best trading locations within the town. The area is also a haven for visitors and tourists all year round, with its numerous festivals and thriving weekly market.

Other information

Trading hours:

Mon - Sat: 9.00am - 5.00pm Sun: 10.00am - 4.00pm Seasonal opening