Lawrence Wright. Specialist Business Agent. 01747 228941
Busy Traditional Seaside Shop
selling Gifts, Summer Beach Goods, Toys etc. SOLD
situate and known as
Queen of Hearts
22 St. Alban Street
Very Well Known Business – Established 47 Years!
Busy Pedestrian Street Linking Sea Front and Town Centre
Approx. 800 sq ft shop and Ample Storage
New Frontage, New CCTV
Situation and Description: The shop is located in one of most quaint streets in the old part of Weymouth which has many interesting shops and cafes. The road is brick paved and is closed to traffic in shopping hours. St. Alban street is a through route between the sea front and the town centre and has a heavy footfall.
The shop is one of the best known businesses in Weymouth and is now serving the grandchildren of the first customers who patronised this business 47 years ago. The style of trade has changed little except that newspapers and cigarettes are now not sold, replaced by higher profit lines such as cool drinks and slush puppies. The shop is spacious and well equipped, alarmed, air conditioned, with new frontage and cctv system. There are good staff facilities.
Weymouth was established by George III as a fashionable resort and since the 18th Century the area has been renowned as a holiday centre. Weymouth provides the more classic seaside leisure and tourist related facilities, whilst visitors can visit nearby Portland for informal, specialist diving and sailing pursuits – the new seven million pound National Sailing Academy is going strong and was the venue for the sailing Olympics in 2012 – this exposure will bring visitors for years to come. Major International Sailing Events take place. Inland, the attractions of Dorset including ‘ Hardy Country ‘ bring people back to this region year after year. Weymouth attracts in excess of 2.5 million tourists each year and in recent years the area has experienced an injection of hundreds of millions of pounds on various projects including a new 600 berth marina; a new road linking the A35 to Weymouth; Osprey Quay at Portland: the conversion of the navy quarters to private housing (500 plus units) and commercial development. The Weymouth and Portland Council promote many festivals throughout the year including the Seafood Festival, The International Military and Veterans Festival and dozens of other events centred around the Harbour, Beach and Pavilion.
Long frontage to:
Sales Shop approx. 780 sq ft (72.4 m2) with counter at the front of the shop. Ample shelving. 2 drinks coolers, air conditioning unit. CCTV System. Slush Puppy machine with 3 flavours.
Stock Room a deep room which is a boon in this style of business.
Kitchen/Staff Room with single drainer sink unit, base units
Tenure The premises are held under the terms of a 25 year lease which commenced in 2016 and the current rent is £15,000 p.a.
The Business A traditional seaside shop selling a wide range of goods including gifts, toys, beach goods, confectionery including seaside rock, post cards, cool drinks and slush puppies etc. There is potential for ice cream sales directly onto the street (subject to planning controls) The business is run seasonally by a single proprietor with staff and opens from 9 a.m. to 5 p.m. Including Sundays, and in the peak summer opening into the evenings according to weather etc.
The business was taken over in the summer of 2016 and improved and stream lined with a better layout, new signage, new cctv system but is being offered back to the market due to family reasons. The business is open from April to October and the agents are informed that last year the takings averaged £2,400 p.w. ex vat. the business trades over a restricted period due to family circumstances and from the agent’s knowledge of this business with an opening period before Christmas a projected turnover, excluding vat, of approximately £120,000 p.a. would be achievable.
Price: Only £25,000 for the lease, goodwill, fixtures, fittings etc. Plus stock at valuation (approx. £30,000)
Fixtures, Fittings, Furniture and Trade Equipment: An inventory of trade contents is included in the sale price. A detailed inventory will be prepared at a later stage.
Listing: Grade II Listed
Viewing: Strictly by appointment with the sole agents.
The accuracy of these particulars is not guaranteed by the agents nor do they form part of any contract. Applicants should verify details by personal examination and enquiry. Items of furniture, fixtures, fittings and equipment are mentioned for illustrative purposes only and do not necessarily form part of the Trade Inventory referred to above, neither has the agent tested any equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for the purpose.
References to the Tenure of the Property are based on information supplied by the Vendor. The agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor.
You are advised to check the availability of the property before travelling a long distance to view.