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Commercial property for sale

£55,000

Kingston Upon Hull HU5, UK

Interested in this property? Call +44 161 937 5978 * or

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Property features

  • Established Since 1988
  • Weekly Takings £1,600
  • Gross Profit 64%
  • New Lease Offered
  • Operating On Limited Hours
  • EPC - D

Property description

Ref 5701 – Leasehold Opticians
Blacks Brokers are proud to bring to the market this leasehold opticians located in the much sought-after area of Kingston upon Hull, East Riding of Yorkshire.


Introduction


M & A Optics is a well-established business situated on the busy, commercial high street of Newland Avenue on the outskirts of Hull. The business has operated here for nearly 30 years and over that time has established a reputation for care and professionalism. The business offers all aspects of eye-care and testing.


Reason for sale


M & A Optics is only being offered for sale due to other business interests and family commitments.


Lease


The building will be available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The lease details and pricing will be negotiated with the business sale.


Building layout and design


M & A Optics is housed within the ground floor of a spacious, mid terrace unit on a busy parade of shops. The business is well branded with clear signage on display and a glazed frontage. Inside, the main reception area is welcoming and friendly with a well-presented display area and showcase of spectacles. The private testing room is fully equipped with good quality equipment, fixtures and fittings. There is a small staff kitchen and toilet to the rear of the shop floor, and an additional room, currently containing the field screener and area for optical repairs.


Staff


M & A Optics currently operates with one, full-time member of staff in addition to 2 of our clients working there part time. The testing and optical work has always been done by self-employed locum opticians, giving scope for a new optician owner to really drive this business forward.


Financial details


Financial details are available upon a viewing of the business and M & A Optics has traded solidly over its trading history. The business generates weekly takings of £1,600 with strong 64% gross profits. Most customers are from the local area as one would expect.


Summary


This is an outstanding opportunity for an owner to acquire a well-known opticians business with exceptional trading history and reputation in place. There is plenty of scope to develop M & A Optics further with additional marketing and social media and online presence, in addition to this, Friday and Sunday opening is much in demand and if a new owner was an optician themselves rather than requiring locums, the annual net profit could be increased by around £16,000 per annum. This proposition would therefore ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations, it may also be of interest to a similar business looking to expand into this area with little need for building renovation. Early viewings are strongly advised and are welcomed by appointment only. Business: £55,000.

Please quote ref: 5701

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Nearby transport

  • Hull (1.5 miles)
  • Cottingham (2.3 miles)
  • New Holland (4.3 miles)
  • Humberside Airport (13.1 miles)
  • Robin Hood Airport (33.2 miles)
  • Leeds Bradford International Airport (53.6 miles)
  • Hull Ferry Terminal (3.8 miles)
  • Transporter Bridge South Side (66.7 miles)
  • Transporter Bridge North Side (66.8 miles)

Nearby schools

View all schools in Kingston upon Hull
  • Sidmouth Primary School (0.2 miles)
  • St Vincent's Voluntary Catholic Academy (0.3 miles)
  • St Nicholas Primary School (0.4 miles)
  • Wyke Sixth Form College (1.2 miles)
  • Hull College (1.6 miles)
  • The Boulevard Centre (1.8 miles)
  • Newland School for Girls (0.7 miles)
  • St Mary's College (0.8 miles)
  • Frederick Holmes School (1.0 mile)
Note: Distances are straight line measurements

Local info for Kingston upon Hull

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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