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Retail premises for sale

£24,950

200 Park Lane, Kidderminster DY11

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and popular craft retail business in Kidderminster, Worcestershire.

The business was established by our client in 2005 and is only now, reluctantly, being placed onto the market due to our client’s unfortunate health problems. The business operates 6 days per week and generates a turnover in the region of £52,000 per annum, with a good gross profit.

Our client offers a wide variety of craft materials including all the products needed to make beautiful and unique greeting cards, craft papers, adhesives and paints, to name a few. Our client also offers card making and scrapbooking classes on Tuesdays, which are proving to be very popular.

The business has built up an enviable 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, a lot of which comes from the nearby Range Store.

We feel the turnover could be increased by extending the opening hours of the business. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered, as well as attend craft shows and Christmas fairs. The business already has a very informative website in place, which offers online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
The Treasury occupies substantial ground floor premises, ideally located on the busy Park Lane within Kidderminster, Worcestershire. The business is located opposite a large clothing retail outlet and very close to the popular Weavers Walk Shopping centre, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from free off-street parking facilities to the front of the premises.

Kidderminster is a town in the Wyre Forest district of Worcestershire. According to the 2011 census, the town had a residential population of 55,530. Kidderminster is the largest town in North Worcestershire and is famous as a centre for the production of quality woven carpets, which are still manufactured in the town. The town boasts three shopping centres, a retail park, numerous shops, pubs, restaurants and cafes, as well as a twice weekly market.

The area of the business is served by the public transport system, with bus stops within easy walking distance. Kidderminster railway station is approximately one mile away. The area is also well served by the a-roads, with the property being situated just off the a-456, which links to the vast a-road and motorway networks. Kidderminster is located approximately 17 miles south-west of Birmingham city centre and 15 miles north of Worcester city centre.
Premises
Substantial ground floor premises, in a prime trading location, briefly comprising:

Main sales and display area with:

Large widows creating a light and airy interior.

Beamed ceiling with florescent lighting and spot lights.

Tiled flooring.

Perimeter shelving.

Card and paper carousels.

Wall hanging spaces.

Paint display stands.

Magazine display unit.

Serve over counter with electronic cash register and wrapping area.

Classroom with:

Double glazed door.

Duel aspect room.

Wood effect vinyl flooring.

Suspended ceiling with concealed spotlights.

Desks and chairs.

Storeroom with carpeted flooring and perimeter shelving.

Kitchen with:

Range of wall and base units.

Stainless steel sink unit with drainer and cupboards beneath.

Freestanding electric cooker with stainless steel extractor.

Space for refrigerator.

Bathroom with WC, wash hand basin and shower cubicle with electric shower.

External with:

Free off-street parking to front of premises.
Tenure
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: Rolling lease

Rent: £9,000 per annum
hours
The business operates:

Monday: 10.00am – 4.00pm

Tuesday: 10.00am – 9.00pm, which includes evening classes

Wednesday – Saturday: 10.00am – 4.00pm

Sunday: Closed
staff
The business is owner run and managed with 1 x part time staff member.
Financial profile
The business generates a turnover in the region of £52,000 per annum, with a good gross profit.

What Zoopla users think of Kidderminster

Overall rating:

  • currently 3.5 stars
Good - 73% (108 ratings)

Ratings breakdown:

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Nearby transport

  • Kidderminster (0.7 miles)
  • Blakedown (3.5 miles)
  • Hartlebury (4.0 miles)
  • Birmingham International Airport (21.8 miles)
  • Coventry Airport (32.7 miles)
  • East Midlands Airport (49.5 miles)
  • Sharpness Old Docks (46.9 miles)
  • Lydney Harbour (48.1 miles)
  • Bristol Docks Ferry Landing (64.1 miles)

Nearby schools

View all schools in Wyre Forest
  • St John's CofE Primary School (0.4 miles)
  • St George's CofE Primary School and Nursery (0.6 miles)
  • St Ambrose Catholic Primary (0.7 miles)
  • Kidderminster College (0.3 miles)
  • King Edward VI College Stourbridge (6.6 miles)
  • Black Country Wheels School (6.8 miles)
  • Wyre Forest School (0.6 miles)
  • Holy Trinity School (0.7 miles)
  • Baxter College (0.7 miles)
Note: Distances are straight line measurements

Local info for Wyre Forest

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 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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