Hobbycraft is a specialist arts & crafts retailer operating from 75 stores throughout the UK and have opened 24 stores in the last 2 years, with 12 new stores planned to open in 2014.
Hobbycraft reported an operating profit of £15.6 million and a turnover of £106.5 million for the year ending February 2012 and offer a strong covenant (D&B rating 4A1).
Hobbycraft are actively seeking new units with 7,500-10,000 sq ft of ground floor retail, plus a trading mezzanine to create a total GIA of 11,500 sq ft. They require an open A1 planning consent (or restricted if the sale of craft goods is permitted) and prefer stores on retail parks with a softer tenant mix, or retail clusters in stronger towns.
Wilkinson Williams are retained by Hobbycraft for new store acquisitions throughout the UK. Click here to see where Hobbycraft are actively seeking retail warehouse units.