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Freehold Gorgeous Gift And Card Shop + Flat For Sale

Kingsbridge, Devon
Asking Price:
£385,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

Freehold Gorgeous Gift and Card Shop (with large 2 Bed flat + stockroom accommodation over and pretty courtyard) PLUS eCommerce Website, Facebook & Twitter accounts.
*** £385,000 + SAV : Please note this sale is chain free. Reasonable offers will be considered.***

*** More pictures / information available ... just ask by clicking the "Contact Seller/Send Message" button ***

Business Established: 23 years i.e. since1993 (under current ownership since February 2010).

Guide Price: Freehold £385,000 plus stock at valuation (estimated at approx £25k-£30k depending on time of year).

Average Net Profit (over last 5 years): c£55k-£65k Net Profit per annum, supported by five years of management accounts and VAT returns.

Turnover: Available upon inspection of the business. A full set of management accounts plus VAT returns (over last five years) will be provided to prospective purchasers upon viewing / inspection of the business.

Rent: No rent to pay or lease to negotiate, this is a freehold business sale (chain free).

Business Rates: Rateable Value (RV) = £6,200.
Rates payable for 2016/2017 are c£100 per annum but for the last 5 years business rates paid have been zero due to South Hams District Council business rate relief programme / Government Legislation. Small Business Rate relief is also available.
***From April 2017, all businesses with a RV of <£12,000 will not have to pay any business rates at all***

Reason for selling: This gift shop is a beautiful and lovely business in a gorgeous one of a kind 17th Century, well maintained quirky old building. If I could pick it up and take it to Wales (to be closer to family) I would in a heartbeat. Unfortunately I can’t do that, so I have another business in Wales that I am in the process of setting up as I would like to be living a lot closer to family and friends.

Business Handover: Full familiarisation with shop procedures, ePOS/till software and stock control systems etc., (please note we have a fully documented and easy to follow procedures manual). Introduction to all the suppliers. Several months access line for advice post sale.

Expansion Potential: Organic growth bricks-and-mortar; organic or enhanced growth online; extra shops can be opened in other cities etc.,

Business Opportunity & Overview
· Busy freehold gift and card shop with pretty courtyard and large 2 bed flat plus stockroom (new boiler fitted May 2015 with 7year warranty)
· Approx 590 sq ft of retail space
· Excellent consistent high net profits (c£55k - £65k pa plus)
· Established 1993 i.e.approx 23 years
· Open Mon - Sat (closed Sundays and Bank Holidays), 10am to 5pm (easy hours)
· Full ePOS and stock control system (very easy to use)
· Good e-commerce website (very user friendly)
· Prime town centre High Street trading position, close to on street parking and car parks
· Average stock = £25k-£30k (depending on time of year)
· The gift shop is on Facebook and Twitter with a healthy number of likes
· Genuine reason for sale - to move closer to family in Wales

Property information

Property:

Freehold

Living Accommodation:

Large 2 bed flat + stockroom + pretty courtyard.

Location:

This gift shop is on the main high street in Kingsbridge, Devon.
Free car parking on street and near the main town car parks.

Premises Details:

Freehold shop plus 2 bed flat + stock room and pretty courtyard.

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Expansion Potential:

Organic growth bricks-and-mortar;
Organic or enhanced growth online;
Extra shops can be opened in other towns etc.,

Reasons for selling:

This gift shop is a beautiful and lovely business in a gorgeous one of a kind 17th Century, well maintained quirky old building. If I could pick it up and take it to Wales (to be closer to family) I would in a heartbeat. Unfortunately I can’t do that, so I have another business in Wales that I am in the process of setting up as I would like to be living a lot closer to family and friends.

Trading hours:

Mon - Sat; 10am to 5pm

Years established:
23+

Other Information

Support & training:

- Full familiarisation with shop procedures, ePOS/till software and stock control systems etc., (please note we have a fully documented and easy to follow procedures manual).
- Introduction to all the suppliers.
- Several months access line for advice post sale.

Furniture / Fixtures value:
£20,000 - included in the asking price
Inventory / Stock value:
£25,000
Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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