Specialist Collectables Centre For Sale

Business description

Advent Business Sales are pleased to offer to the market this extremely well established specialist collectables centre, which has been trading successfully for the past 10 years.

The current vendor has been in constant ownership since its inception and is reluctantly selling due to retirement.

Cleethorpes collectables is a unique point of sale display facility for privately held memorabilia and items of value which no longer appeal or are required by their owners.

Laid out as it is, with rows of well lit glass fronted cabinets, which have glass shelves. People wishing to sell their goods can rent out space per shelf or per cabinet per month; all items within the rented space are noted down in a book. It is the renter’s responsibility to put a price on their items. As items are sold, the sale is cross referenced and can be claimed by the renter as they request.

The collectable centre does not take any commission from the sale of items but only the cabinet or shelf rental charge which is £800 per annum for each cabinet. Items for sale remain the property of the renter at all times under the signed and agreed contract with the centre.

This system has been successfully running now for the last 10 years and is much loved by those selling various items and also the public, who see fast turnover of offers and a great variety of items to look at and purchase.

Items on sale usually include jewellery, trinkets, porcelain, figurines, collectable toys and model railways, military decorations, glass wear, cigarette cards, some books and even collectable telephones and cameras.

The static and mobile displays in the window of the centre contain at least one piece from each of the renters and are changed at the discretion of the centre.

Over the years, the centre has been noted by newspapers as far a field as Nottingham and Birmingham with free publicity in both write ups and pictures.

Many past customers and ‘browsers’ return time and time again, it must be pointed out that this is not a seasonal business, although summer time visitors doe help to boost sales.

This is a genuine 52 weeks of the year centre.
REF: 9184DN
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:

Annual sales: £35,000 - £36,000
Net Profit: £27,000 (approx)

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

Property information

Property:

Leasehold

Lease terms:

TENURE: Rolling 5 year
Original lease:
Remaining lease:
Review every: 5 years
Rent: £675 per month

We are advised that the annual business rates are currently: £1,100

Location:

Our client’s specialist collectables centre is located on the sea front road, amongst cages and antique shops and picture galleries in Cleethorpes, Lincolnshire.

The area therefore is a magnet for those people who are looking for collectable and unusual items and our client’s centre must rate as the best you can find.

Cleethorpes, although renown as a summer seaside resort with a massive influx of seasonal visitors is very much an all year round town. It’s many interests draw people from far and wide during the off season as well as the high season, many of who visit our client’s centre several times in the year, due to its fast changing offers and clean, well laid out and lit displays.

Premises details:

BUSINESS PREMISES:
The shop is the ground floor of a 2 story building, single fronted with a doorway to the right hand and briefly consisting of:

Ground Floor
• Large plate glass window which is steel shuttered at closing time, is protected by red care alarm and has a 9 camera CCTV system
• Counter to the right
• Window display cabinets and some mobile displays
• Glass fronted cabinets and many other cabinets, one of which is dedicated to local charities and is not charged out.
• There are 60 full size cabinets and 30 smaller ones. Charges are £30 per month per shelf or £70 per month per cabinet. There is opportunity for longer rental periods at £150 per cabinet for 10 weeks – all offers are on a pre-pay basis. Rent periods do not start until the first item on offer is sold. All cabinets are laminated glass front with security locks and some individually alarmed

• Rear office
• Small kitchen
• w/c

The landlord would be very amenable to the business extending to the first floor, allowing a very successful business great expansion possibility.

This centre is certain to raise a great deal of positive enquiries and we expect to see a very quick completion of its sale.

Other information

Trading hours:

Mon-Sat: 10am – 4.30pm
Sun: 10am – 4pm

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