Business Hilton Smythe welcomes to the market Modern Classics within the Victoria Centre Nottingham. This long-established business has been owned and run by the current vendor for over 35 Years and been located within the shopping centre for 7 Years in which time it has built up a strong and loyal customer following and which due to retirement this rare and exciting opportunity has now become available.
The business sells a wide range of sought-after goods including travel bags, handbags, purses wallets and much more. This very profitable business offers an opportunity for a new owner to take the site to the next level and would be ideal for either an established on-line organisation looking for a retail outlet or an individual or partnership looking to obtain a ready-made business with excellent growth potential.
The business currently has no on-line presence or purchasing platform and therefore the business has huge growth potential in this area. The new operator could easily introduce additional products and services developing new income streams taking advantage of the huge footfall which passes daily through this first-class retail trading location in Nottingham.
The current vendor is happy to work with the new owner over an agreed transition period to make the necessary introductions to his long-established supplier chain to ensure a smooth transfer of ownership and to maintain the high profit margins that this business generates.
The business will have a wide appeal and is available for very reasonable in-going and running costs for such a prime location.
Location Situated on the first floor of the intu Nottingham shopping centre within the Victoria Market. The site is easily accessible on foot and by all modes of transport located in the centre of Nottingham just a short stroll from the Ice Stadium.
The intu shopping centre has plenty of on-site parking as well as bus stops to all parts of the City located to the front of the main entrance.
Premises Trading location within the intu Shopping Centre Nottingham, additional storage and a dedicated 24hr car parking space is also included in the rent which can be re-negotiated if these elements are not required. Fully fitted trading stand including all shelving and display carousels.
Tenure We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £37,800 per annum on a monthly rolling agreement following a 5 Year secure lease with intu/Nottingham Council.
Hours 9.00am to 5.00pm Monday to Saturday.
Staff The business is run and managed by the current vendors.
Financial Profile We are advised the business is turning over in the region of £220,000 per annum producing very attractive returns. There are no business rates or service charges payable.
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