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Shopping Parade Trading Position
Accounts Available To 31-03-2019
Annual Turnover £77,578
Gross Profit £40,478
Further Financial Info Available After Viewing
Low Rent of £178 Per Week
Established 2013Retirement Sale
CCTV In Place
Scope To Develop Online Sales
Potential For New Product Lines
EPC - TBC
REF 6873 – Leasehold Designer Gift & Card Boutique
Blacks Brokers are pleased to bring to the market this leasehold designer gift and card boutique located within a busy shopping parade in the Bromborough.
The Gift Room was established here by our client in 2013 due to the very busy surrounding area and complimentary neighbouring businesses. The business has become very well known and has a strong base of regular customers in place. Our client has ensured the shop has an excellent reputation and superb reviews are noted on Google and Facebook.
The Gift Room occupies a prominent trading position within a parade of shops. The area is well linked by the M5 and A41 with strong public transport links close by including Bromborough Station and parking is available to the rear of the property for staff and to the front for customers. Neighbouring businesses are mainly independent retailers with some large multiples such as The Coop and Texaco nearby.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client's retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2017 at a cost of £178 per week.
The business operates with two members of part time staff in employment supporting our client working on a full time basis.
The Gift Room has traded solidly since opening and our client has established a strong customer base. We are advised that the business has annual turnover of £77,578 and gross profits of £40,478. Our client pays £110 per annum to park to the rear of this property.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a well established and well known card and gift shop in a prominent trading position close to a number of other businesses, schools and residential properties. There is plenty of scope to develop the business further with the introduction of new product ranges, a new online presence, marketing drive and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
MON - SAT: 09:00 - 17:00
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