Asking price: £279,000

Sales revenue: < £200k

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a well known and respected bookshop owned by the same family for 37 years.

Colwyn Bay is situated in North Wales and has a resident population of 37,537 persons and a shopping catchment of 70,732 persons within 10km and 139,180 persons within 20km (Source: Focus).

Bay Bookshop is located opposite the Bay View Shopping Centre, Colwyn Bay’s premier retailing location. Retailers represented in the Centre include, Clarks, Superdrug, Argos, Bon Marche, Holland & Barrett, Shoe Zone, Morrisons, The
Works, Instore, Home Bargains, Boots Opticians, Burtons, Dorothy Perkins, Phones4u and Iceland.
Although Colwyn Bay is in a holiday area the shop has a constant trade all year round.

The sales area of the shop is approx 1500 sq ft with in excess of 25,000 secondhand and antiquarian books also postcards, maps and ephemera. There is also a rear entrance to premises with parking and delivery area.

The rooms over the shop have recently been converted into self contained offices, (2 offices, small reception area, kitchen, cloakroom and storage room) with an income of £4680 p/a but subject to planning change of use, they could easily be converted back to a 2 bed self contained flat.

The premises are freehold and the offices and shop as a going concern are being offered for sale at £279,000 to include, stock, goodwill and all fixtures and fittings.

Years established: 37

Trading hours: Monday to Saturday 9.00am - 5pm

Property: Freehold

Location
Bay Bookshop is situated on Seaview Road opposite the main entrance to the Bay View Centre Shopping Mall

Support & training
Any support and training needed will be offered to a prospective buyer

Reasons for selling
The proprietor wants to semi-retire