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Retail premises for sale

£17,000

45 High Street, Wick KW1

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Property description

Business
Hilton Smythe are proud to bring to the market Divas & Dudes. This independent children’s boutique has been established in this location for around 8 years and in the hands of our client since March 2016; who is now looking to sell due to family commitments.

The business is a one stop shop for any new family offering a range of maternity clothing, prams, bathing essentials, nursery furniture, toys, weaning essentials and a range of clothing from birth - 5 years (options to go older are available). The store stocks a range of well-known brands such as Hately, Mayoral, Hippychick, Tutto Piccolo, Babymoov, Dainty & more. Divas & Dudes has an exceptional reputation locally for the quality of stock and customer service provided.

The business also boasts a 5 star rating on Facebook; an excellent platform for advertising and marketing. Our client is currently setting up a new website to progress the store further. Divas and Dudes previously had a website that produced lots of sales; this was closed due to a reduction in staff and the desire to focus on in store sales. The website can be found at

There is huge scope to develop this business further. We feel by increasing the age range, there would be a larger customer base. We are advised there are lots of customers asking for older items and gifts, and so this option should be considered. Extending the maternity range is also a must. Divas & Dudes is the only place in Caithness to stock maternity and shoes.

Location
Divas & Dudes is located in Wick, Caithness, a busy town in the Highlands of Scotland. The town straddles the River Wick and extends along both sides of Wick Bay and holds the claim to fame of once being the busiest Herring port in Europe.

The town is on the main highway (A99-A9 Road) linking John o’Groats with southern Britain.

The store is ideally located on the main high street amongst other retailers, such as a Boots store, Post Office, cafes, charity stores, restaurants and much more. There is a carpark to the rear of building and a larger carpark within walking distance. There is a bus stop across the road, with regular routes into Thurso and Dunbeath.

The town is popular with locals and tourists alike. The town’s story is told in the excellent Wick Heritage Centre, which attracts lots of visitors. The remains of the Castle of Old Wick, often referred to as the Old Man of Wick still remains a must see. There is a good clifftop walk to the castle via Noss Head Lighthouse from the tiny fishing village of Staxigoe.
Premises
The property is well presented, with excellent clear light up signage. There are also two large windows used for eye catching displays.

The property briefly comprises –


Ground floor


The main floor has all products on display. There is ample shelving space around the store with a service counter.


Basement


There is a basement, part of this is let out to a local curtain business; for a monthly rent plus 10% commission on all sales. The rest of the basement is used for storage but could be developed in to further retail space.

Equipment includes: -

Mannequins

Display props

Fabric for display

Hooks and shelving units

Tables

Heaters

Phone

Laptop

Printer

The business is fitted with a CCTV system which has 4 cameras, a monitor and hard drive.
Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years.

Remaining lease length: Circa 3 years as of 2017.

Rent: £400 per month.

The landlord is happy to negotiate a yearly lease.

Business rates are not payable.

Other bills including water, broadband, bin disposal and electricity are less than £200 per month.
Hours
The business opening hours:

Monday: 10.00am – 4.00pm

Tuesday: 10.00am – 4.00pm

Wednesday: 10.00am – 4.00pm

Thursday: 10.00am – 4.00pm

Friday: 10.00am – 4.00pm

Saturday: 10.00am – 4.00pm

Sunday: Closed

The shop opens 1 late night per month; however, most shops in the area open 9am - 5/5:30pm so potential for extended opening hours.
Staff
The business is run and managed by our client who works 3 days a week. An employee works the other 3 days with the help of 1 casual member of staff as and when required.
Financial profile
Divas & Dudes generated an advised turnover of circa £56,000 as of the 2016 accounts, with a gross profit of 66%.

Extra income

The business displays 3 other local companies’ products, the curtains business in the basement, Caithness Flagstone Ltd for 20% commission on sales and Dainty who make jewellery also for 20% commission on sales.
Extra notes
Reasons to buy:

The landlord has agreed to refresh the exterior in 2018.

Excellent social media presence.

New website being developed.

Little or no competition locally.

Rental income.

What Zoopla users think of Wick

Overall rating:

  • currently 4 stars
Very good - 80% (14 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
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Entertainment & nightlife
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Parks & recreation
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  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 5
Schools & public services
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Transport & travel
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Nearby transport

  • Wick (0.2 miles)
  • Georgemas Junction (13.9 miles)
  • Scotscalder (16.9 miles)
  • Inverness Airport (71.4 miles)
  • Aberdeen Airport (91.9 miles)
  • Sumburgh Airport (118.0 miles)
  • Gills Bay Ferry Terminal (13.8 miles)
  • John O Groats Ferry Terminal (13.9 miles)
  • Scrabster Ferry Terminal (20.1 miles)

Nearby schools

View all schools in Highland
  • Pulteneytown Academy Primary (0.6 miles)
  • Caithness Early Years Autism Centre (0.6 miles)
  • South Primary School (0.8 miles)
  • Wick High School (0.4 miles)
  • Thurso High School (18.7 miles)
  • Stromness Academy (37.1 miles)
  • North Walls Community School (26.1 miles)
  • Farr High School (41.3 miles)
  • Stronsay Junior High School (49.9 miles)
Note: Distances are straight line measurements

Local info for Highland

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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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