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Retail premises for sale

£19,950

303 High Street, Bangor LL57

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well established and popular hobby shop, which is ideally located within the city of Bangor, Gwynedd.

The business was originally established in 2009 and has been in our client’s careful ownership since 2016. Only now is the business being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £44,000 per annum, with a gross profit of approximately 41%, as per the 2016 accounts.

Our client offers a variety of goods including a good range of radio controlled models and accessories, hobby tools, scenic aids for general hobby enthusiasts and railway modellers, including scratch build supplies, such as Balsa wood and plasticard. The business is also a wpn store, with facilities including a gaming area with free Wi-Fi for Magic the Gathering tournaments, casual play, pre-release events and any other event the wpn require.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the goods and services offered. The business would also benefit from a stand-alone website to promote the goods, which could incorporate online ordering facilities. Our client already utilises social media websites, such as Facebook and Twitter, which is an excellent and free way to advertise the business.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Austin’s Models occupies substantial premises, ideally located within the city of Bangor, Gwynedd, north west Wales. The property is situated on the very busy High Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Bangor is a city in Gwynedd, north west Wales, and is one of the smallest cities in the United Kingdom, as well as being the oldest city in Wales. According to the 2011 census, the city had a residential population of 18,808. Bangor is a university city with approximately 10,500 students at Bangor University. The city is bordered by the mountains of the Snowdonia National Park to the south and the Menai Strait to the north.

The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Bangor railway station is just over half a mile away. The area also boasts excellent transport links with both the A5 and A4087 being within easy driving distance, which link to the national a-road and motorway networks. Caernarfon is approximately 9 miles away and Conwy is 15 miles away.
Premises
Substantial premises in an ideal high street trading location, briefly comprising:

Lower ground floor:

Gaming centre community hub.

Tables and chairs.

Sofa.

Large TV on wall.

Kitchen area.

WC.

Ground floor:

Serve over glass display counter.

Epos cash register.

Pc.

Paint display.

Model cars and planes display.

Small games area.

Deck Box Magic displays.

Magazine displays.

Model making area.

Miniature railway display.

Pokemon and You Gi Oh area.

Racking and shelving to suit trade.

Kitchen.

WC.

External with:

Roller shutters on widow and door.

Fully alarmed.

CCTV.
Tenure
We are advised Leasehold:

Rolling lease.

Remaining lease length: 4 months as of March 2017.

Rent: £6,000 per annum
hours
The business is open:

Monday – Saturday: 10.00am – 4.00pm

Sunday: Closed
staff
The business is owner run and managed with 2 x full time staff members.
Financial profile
The business generates a turnover in the region of £44,000 per annum, with a gross profit of approximately 41%, as per the 2016 accounts.

What Zoopla users think of Bangor

Overall rating:

  • currently 3.5 stars
Good - 68% (18 ratings)

Ratings breakdown:

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Nearby transport

  • Bangor (Gwynedd) (0.6 miles)
  • Llanfairpwll (3.6 miles)
  • Llanfairfechan (6.2 miles)
  • Liverpool John Lennon Airport (53.2 miles)
  • Blackpool International Airport (58.7 miles)
  • Isle of Man Airport (62.6 miles)
  • Holyhead Ferry Terminal (21.7 miles)
  • Barmouth Ferry Landing (35.3 miles)
  • Porth Penrhyn Ferry Landing (35.6 miles)

Nearby schools

View all schools in Gwynedd
  • West Kirby Primary School (40.2 miles)
  • West Kirby St Bridget's CofE Primary School (40.3 miles)
  • Avalon School (40.4 miles)
  • Pengwern College (26.7 miles)
  • Birkenhead Sixth Form College (45.7 miles)
  • Wirral Metropolitan College (47.0 miles)
  • Ysgol Hirael (0.2 miles)
  • Ysgol Glancegin (0.3 miles)
  • Ysgol Gymraeg Y Garnedd (0.4 miles)
Note: Distances are straight line measurements

Local info for Gwynedd

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on 01204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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