£0 £1000000
£0 £1000000

Superb Gaming and Hobbies Centre

Canterbury, Kent

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£45,000 +SAV

Ref: 12390 J

Leasehold

Overview

Hilton Smythe welcomes to the market XPRESS Games (Canterbury). Established by our client in 2005 the business has seen year on year growth to the successful business it is today. The business boasts a monopoly trading position being the “LGS” Local Game Store in Canterbury, specialising in the retail of and events for leading Trading Cards, Board Games and hobby ranges, such as the hugely popular Magic the Gathering, Pokemon and Warhammer, in addition to the traditional LGS range, the business holds a vast selection of video games from Playstation, Microsoft and Nintendo, having been selected as a finalist in the MCV Video Game Independent Retailer awards for the past 5 consecutive years, the business is well regarded within the industry. The business operates a trade in service in both the video game and traditional hobby range, allowing customers to trade their products towards instore purchases. The business reports a turnover of £225,000 for this financial year with gross profit at circa 32%. The store is spacious with ample room to allow team gaming, evening and day events and competitions, currently hosting 4 evening gaming events each week. The events scene has grown massively over the last 12 months but we believe could be promoted further through advertising. The business has an informative website www.xpressgames.co.uk which not only promotes this business but our clients 3 other similar businesses in Kent, which are also for sale either independently or with this business and have been priced to sell quickly. The businesses genuinely comes to the market due to our client’s family commitments. A new owner may look into adding e-commerce sales to the website, which we believe could potentially double the turnover. The business is also currently run by staff, if a new owner had a more hands on approach this would have an instant saving of £21,600 on wages. This unit can be bought with the vendors other sites which are located in Folkestone, Ashford and Dover.

Turnover
The business reports a turnover of £225,000 for this financial year with gross profit at circa 32%.

The business is run by 4 members of staff.

The business opens:- Monday – Saturday 10.00am – 5.30 pmSunday 10.30am – 4.00pmEvening Events finish at 10.00pm

The business is located in the vibrant cathedral city Canterbury, Kent. XPRESS Games (Canterbury) occupies a prime trading location, amongst a busy retail parade with consistent footfall, the business is ideally situated close to the cathedral and universities. The city is easily accessible from the A28 and A2 and is served by several mainline railway stations and network of bus services. The city is host to hundreds of visitor’s year on year, attracted by the culture, history and stunning architecture.

Single fronted premise briefly comprising:- Large glass window to frontage with good signage. Retail area with adjustable slatted display shelving to 3 sides, the stock is zoned into similar product type for easy shopping.Central service counter.Staff kitchenToilet facilitiesCCTV, alarms and electric shutters to ensure security.

Tenure
We are advised leaseholdThe original lease length is 10 yearsFrom 2016, 7 years remain on the leaseRent is £11,500 per annum

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