ESTABLISHED RETAIL BUSINESS:
Holmes Retail Group represents a rare opportunity to acquire a long-established independent retail platform serving the Mourne area from two strategically located retail outlets.
Developed and operated by the Holmes family over many years, the group combines a substantial freehold retail property, a successful discount retail business, an established specialist school uniform operation and a long-established satellite store in Newcastle. Together, they have created one of the region's best recognised independent retail businesses with a loyal customer base, experienced workforce and established supplier relationships.
The opportunity has been brought to market as the family look towards retirement, creating an exceptional opportunity for an owner-operator, regional retailer or investor to acquire a mature and profitable business platform.
BUSINESS STRUCTURE:
Holmes Poundworld Ltd:
The principal trading company operating the flagship Poundworld store in Kilkeel together with the satellite store in Newcastle. Holmes Poundworld Ltd has delivered consistent annual turnover and benefits from an experienced management structure and established customer base.
Holmes School Uniform:
A long-established specialist school uniform business operating from dedicated accommodation within the Kilkeel premises. Trading separately as a partnership, the business provides a complementary and recurring income stream supported by established relationships with local schools and families.
Kilkeel Freehold Property:
The flagship Kilkeel premises are owned separately by the directors personally and are included within the proposed sale. Extending to approximately 8,406 sq ft, the property provides the operational hub for the wider business, incorporating the main retail sales area, Holmes School Uniforms, warehousing, and offices.
HOLMES POUNDWORLD LTD:
Established. Profitable. Trusted.
Holmes Poundworld Ltd is the principal trading company within Holmes Retail Group, operating the flagship Kilkeel store together with the long-established satellite operation in Newcastle.
Over many years the business has established itself as one of South Down's leading independent discount retailers, offering an extensive range of household goods, seasonal products, hardware, gifts, toys, confectionery, cleaning products, everyday essentials and bakery products.
The business has developed a loyal customer base drawn from across the Mourne area, supported by a reputation for value, service and convenience. Whilst trading under the Poundworld name, the business operates independently and has built strong relationships with a broad range of suppliers, enabling it to continually adapt its product offering to changing customer demand.
The business is supported by an experienced workforce and established management structure, allowing the day-to-day operation to function with relatively limited owner involvement.
POUNDWORLD KILKEEL:
Occupying a prominent position on Greencastle Street, Kilkeel, the flagship operation represents the foundation upon which Holmes Retail Group has been built.
The property is offered for sale together with the trading business and comprises a substantial freehold town centre holding extending to approximately 1,123 sq m (0.277 acres) and approximately 8,406 sq ft of accommodation over two floors. The premises accommodate the flagship Poundworld store, Holmes School Uniforms, extensive warehouse and storage accommodation, offices, staff facilities and ancillary space, creating a fully integrated retail and operational hub.
The flagship store is operated by Holmes Poundworld Ltd, which has established itself as one of South Down's leading independent discount retailers, serving a loyal customer base from across the Mourne area. The business offers an extensive range of household goods, hardware, gifts, seasonal products, stationery, toys, confectionery, everyday essentials, and bakery prodcuts supported by an experienced workforce and established supplier relationships.
The property has been configured to support efficient retail operations, incorporating significant warehouse capacity, office accommodation and dedicated loading facilities. A long-established servicing arrangement provides practical rear access from Newry Street, enabling deliveries and stock movements to take place independently of the main customer entrance on Greencastle Street. This operational advantage has formed an important part of the business for many years.
The combination of freehold ownership, extensive accommodation and an established trading business creates an opportunity that would be difficult and costly to replicate in today's market.
HOLMES SCHOOL UNIFORM:
Occupying dedicated retail accommodation within the flagship Kilkeel premises, Holmes School Uniform has developed into one of the leading specialist schoolwear retailers serving the Mourne area.
Operating as a separate partnership business, Holmes School Uniform has built long-standing relationships with local schools and generations of families, providing a comprehensive range of school uniforms and accessories throughout the academic year but via the Kilkeel shop and online at https://holmesuniform.com.
Whilst naturally experiencing seasonal peaks ahead of each school term, the business has established a loyal customer base and benefits from a high level of repeat custom, creating a recurring and predictable income stream which complements the core Poundworld operation.
Its integration within the flagship premises allows both businesses to benefit from shared warehousing, operational infrastructure and customer footfall, whilst maintaining a distinct retail identity.
The vendors intend that Holmes School Uniform forms part of the overall sale, presenting purchasers with an opportunity to acquire an established specialist retail business alongside the principal Poundworld operation.
POUNDWORLD NEWCASTLE:
Poundworld Newcastle has traded successfully from 53 Main Street for in excess of twenty years and represents the second retail operation within Holmes Poundworld Ltd.
Occupying a prominent position within Newcastle town centre, the store provides the business with an established presence in one of Northern Ireland's most popular coastal destinations, serving both the resident population and the significant seasonal visitor economy throughout the year.
Extending to approximately 3,038 sq ft, the premises provide an open plan retail sales area together with ancillary storage, staff facilities and a dedicated footwear department, allowing the business to offer a product range consistent with the flagship Kilkeel operation. The premises are occupied under a long-standing leasehold arrangement.
The Newcastle operation is fully integrated into Holmes Poundworld Ltd, benefiting from shared purchasing, stock management, warehousing and administrative support provided from the Kilkeel headquarters. This enables the business to operate efficiently whilst maintaining a strong local presence within the Newcastle market.
Whilst capable of operating independently, the Newcastle store derives considerable benefit from being part of the wider Holmes Retail Group, broadening the overall customer catchment and enhancing purchasing scale.
TERMS OF SALE:
The property is being offered For Sale by Private Treaty. However, the vendor reserves the right to conclude the sale via auction or “Best and Final” bids at a date and time to be confirmed.
The criteria required from interested parties in placing an offer must include:
Confirmation of name and address of proposed purchaser
Confirmation of offer level
Proof of funds from Bank to confirm that adequate funds are available to complete the purchase at offer level
Timescale to complete the purchase post acceptance of offer
Confirmation of solicitor who will represent purchaser
10% deposit of agreed purchase price shall be payable upon agreement of sale
Further information pack to be provided at this point
FURTHER INFORMATION:
Further information can be provided to interested parties following completion of our validation process and the signing of a Non-Disclosure Agreement.
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