£0 £1000000
£0 £1000000

For Sale

Well Established Antiques and Reclaim Centre For Sale

Ipswich, Suffolk

  • Asking Price: £45,000 +SAV
  • Turnover: We are advised the business generated a turnover of circa £73,000 as of 2021, further financial information can be made available upon request.

    Please quote reference B07036

  • Tenure: Leasehold

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Please quote reference B07036

Hilton Smythe welcomes to the market Suffolk Heritage Antiques and Reclaim Centre.

The business has been trading for over 8 years and has built up a very good reputation with regular clientele and the business is still growing!

The business runs with a regular rental income from the current 22 dealers plus buying and selling antiques and other household items of interest. At present the owner has occupied several areas within the centre to sell stock, many of these areas could be let to new dealers increasing the monthly rental income.

Reasons to buy;

  • Well established trading business and known very well in the local area with a solid reputation.
  • Plenty of scope to grow.
  • Good amount of repeat business from existing clients.
The centre and all building works that have been done will be included in the sale of the business. They are currently trade marking the name and logo of the brand.

The stock list is considerable and any prospective purchaser would have to view this to determine what they would be interested in bidding for. On display in the centre the owner has quite a few antique lighting items, furniture pieces, collectables and more. There are also lots of items in the storage area of the warehouse awaiting restoration or repair before being put out for sale.

Scope to improve;

  • Copdock Holdings Limited, the landlords of the site are currently looking at letting a bungalow on the site as a Tea room and this would be an extra draw to the site. There is also the possibility the other tenant onsite may leave offering a potential further 500 sq. ft. of lettable dealer space subject to negotiation with the landlord.
  • New advertising and marketing campaign
  • E-commerce website - Our client has not ventured into selling online yet but handled in the right way this could be a very good route to more sales
  • Maximise the use of social media

The business is owner run and managed with the help of other staff as and when needed.

The business trading hours are:

Monday & Tuesday - Closed

Wednesday to Saturday - 10:00am - 17:00pm

Sunday - 11:00am - 16:00pm

Suffolk Heritage is conveniently located at Copdock, between Ipswich and Colchester just off Junction 32B of the A12. We are a retail outlet made up of several independent antiques dealers and restorers under one roof, offering an eclectic mix of period and vintage household items. We aim to have as many different dealers as the space will allow. The items on sale are antiques and architectural salvage, as well as period home decor. The business is also supported by the presence of 3A Roofing who specialise in reclaimed and general roofing tiles, chimneys and bricks.

Suffolk Heritage have a large selection of good quality antiques and collectables close to both Ipswich and Colchester. Suffolk Heritage has easy to access from the A12 and have ample parking on site. We are passionate about reclaiming and restoring original items, preserving a part of our heritage.

Suffolk Heritage Antiques and Reclaim Centre is situated in an old petrol garage on what was the old A12 in the 1970’s. The fact the site was designed for use as a petrol station means we have a large forecourt area where the petrol pumps would have been and 2 wide exits and entrances to the carpark which can cater for up to about 30 cars and could accommodate coaches as well.

The main showroom is mainly based around datelined antiques and collectables, the warehouse area is based on a loose mix of vintage retro and vintage dealers enabling us to offer a wider range of items to our customers rather than just antiques. Within the warehouse there is a large area for storage and 2 workshops.

The site at this time is shared with another tenant, 3A Roofing Ltd, who rent most of the yard and a couple of spaces to the side of the building. Suffolk Heritage also has an 11-metre strip of hard standing across the back of the building for storage and parking delivery vehicle, where access must be kept clear by the roofing company. Besides this exterior space there is an area along the side of the showroom for garden and outside objects to sell.

Tenure
We are advised the business is being sold on a Leasehold basis with a new Lease to be made available to a new owner, rates are payable at £431 per month.

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