Sold

Superb Gaming and Hobbies Centre

Ashford, Kent

£20,000 +SAV

Ref: 12388

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Description

Hilton Smythe welcomes to the market XPRESS Games (Ashford). 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 Ashford, 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 £150,000 for this financial year with gross profit at circa 29%. The store is spacious, housing 3 bay window units to maximise merchandise displays, with ample room to allow team gaming, evening and day events and competitions. The events scene has grown massively over the last 12 months but we believe could be promoted further through advertising. A new owner could look into increasing the range of drinks and confectionery for gamers and also for the high level of passing trade due to the businesses superb location with several bus stations directly outside. 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 £18,000 on wages. This unit can be bought with the vendors other sites which are located in Folkestone, Canterbury and Dover.

Tenure

Leasehold

We are advised leaseholdThe original lease length is 10 yearsAs of 2016, there are 5 years remaining on the leaseRent is £11,500 per annum

Hours

The business opens:-Monday to Saturday 10.00am – 5.30pmSunday 10.30am – 4.00pm Evening events finish at 10.00pm

Staff

The business is run by 2 members of staff.

Financial Profile

The business reports a turnover of £150,000 for this financial year with gross profit at circa 29%.

Location

The business is located in the bustling town centre of Ashford, Kent. The business occupies a fantastic trading location, just off the main retail area with an abundance of independent and high street stores and town centre amenities and just behind McDonald’s ensuring high footfall throughout the day. Ashford is situated just off the M20 motorway in-between Maidstone to the north and Folkestone to the south. The area is served by a mainline railway station and has a network of bus services running throughout the town and out to neighbouring villages and towns.

Premises

Substantial premise in town centre location briefly comprising:- Excellent window displays with 3 bay window units.Central service counter, adjustable shelving to perimeter walls and central display stands.CCTV, alarms and shutter system in place to ensure security. Very long unit with additional display window to left of main shop unit. Units across from the shop are used to display additional games.Gaming rooms, separate to the store, able to hold 24 player events alongside a busy retail store.

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