Lincoln City Centre Newsagents And Toy Shop For Sale

Business description

Successful fast growing business with masses of further potential. Opportunity to own an enviable and rarely available, affordable city centre trading position.

Newly refurbished leasehold lock up. Business established in January 2010. Counter news only. High growth potential, currently trading on short hours by vendor with occasional help from wife. Vendors now wish to join family abroad.

Central City location with high footfall and excellent local goodwill achieved. Premises were a former Teddy Bear shop and revenue is supplemented by selling bears and other soft toys with a regular customer following for the Steiff brand.

Business expansion possible with the introducing of new lines e.g. greetings cards, phone top-up, lottery, pay point etc, subject to applications/contracts etc. Could also be used for a number of other trades subject to landlord's agreement e.g. hobbies shop, home-made crafts, fashion accessories, tourist/souvenir/collectables/memorabilia.

Easy to operate - all suppliers deliver. Short hours and annual holiday.
Ideal first business or as additional outlet. Would also suit semi-retired.

Training can be provided including bookkeeping etc.
DO NOT APPROACH VENDOR FOR FURTHER DETAILS WITHOUT REGISTERING AND PRIOR APPOINTMENT.

Property information

Property:

Leasehold

Lease terms:

10 year lease granted January 2010. Fully reassignable. Rent reveiw not due till January 2015. No service charges.
Landlord's solicitor's costs to be paid by the incoming tenant.

Leasehold rent:

£11,000 per annum

Living accommodation:

The vendors are also selling their executive 2 bedroom apartment which is within 5 minutes walking distance of the shop, and this creates a complete lifestyle. This has an allocated parking space. Further details of this can be provided to interested parties.

Location:

Offers considered on asking price.
Prime City Centre location.
Lincoln is a developing City with building projects still continuing. The University campus is still expanding and is within walking distance of the shop. Lincoln Cathedral and Castle attract many tourists each year and is also famous for the internationally renowned Christmas Market.

Premises details:

Leasehold lock up. Easy to maintain, compact unit. Secure front access only. No yard or garden.
Affordable accommodation very easily obtained in Lincoln both to rent and buy.
Newly fitted staff toilet, wash basin and hot water heater.
Storage cupboard with shelving and power sockets.
Adjacent to award winning coffee shop which attracts reciprocal business.

Size in square feet:

12' x 12' (approx)

Other information

Expansion potential:

Exciting opportunity to expand business by introducing new lines, phone top-up, lottery, pay point etc, subject to applications. Could also be used for a number of other trades or specialised goods, subject to landlord's agreement.
Scope for increasing hours to include Sundays, Bank Holidays and evenings.
Newspaper delivery service could be considered.
A website has been created recently - a full buy on line approach could be produced and operated.

Competition / Market:

No immediate competition. The major Steiff and Merrythought Bear retailer in Lincoln.

Support & training:

Training can be provided including bookkeeping, VAT returns and tax returns if required. DO NOT APPROACH VENDOR FOR FURTHER DETAILS WITHOUT REGISTERING AND PRIOR APPOINTMENT.

Reasons for selling:

Vendors have an opportunity to join family living abroad and have other business interests there.

Trading hours:

Mon- Sat 8.00 a.m - 5.30 p.m
Closed Sundays, bank holidays and between Xmas and New Year.

Furniture / Fixtures value:

£8,000 (included in the asking price)

Website:

guildhallnews.yolasite.com