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Retail for sale in Princes Street, Yeovil, Somerset, BA20

Guide price £50,000

Leasehold Business for sale

  • Town
  • Pre War/Period
  • Parking
  • Retail
  • Leasehold

The business has occupied the property for the past 11 years and was established some 32 years ago by the current owners. The shop comprises some 385 sq m (4,145 sq ft) of retail, storage and ancillary space over ground and first floor levels.

The shop is located in a highly visible position on Princes Street in Yeovil’s town centre near to the town centre public car parks. The premises comes with 4 car parking spaces.

Yeovil is the principle commercial centre for South Somerset and West Dorset and is home to a wide variety of businesses such as restaurants, cafes and bars, alongside well established independent shops and boutiques.

The vendors have built up a very successful retail business over the past 32 years and offer hire and sales of a large range of assorted fancy dress and joke items to both traditional retail customers and online shoppers. The entire range of sale and hire items can be found on the business' website at www.madhatterjokeshop.com.

The sale of the business as a going concern will include all stock, which at the time of writing is estimated to be worth approximately £150,000.

Annual turnover figures are reported below, with an average gross profit in excess of 48% and a net profit in excess of 15% over the past 4 years:

2013 – £301,054
2014 – £295,395
2015 – £295,776
2016 – £304,474

Full financial information will be provided to interested parties.

(40/42 Princes Street, Yeovil)

Ground Floor Retail 191.54 sq m (2,061.74 sq ft)
Ground Floor Office 8.10 sq m (87.19 sq ft)
Ground Floor Storage 55.36 sq m (595.90 sq ft)
First Floor Storage/w.c. 130.44 sq m (1,404.06 sq ft)
Car Parking Spaces 4