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Established Gift Shop - Chester For Sale

Chester, Cheshire, UK
Asking Price:
£39,995 Furniture / Fixtures included
Turnover:
£240,000
Net Profit:
Available on request

Prominent Town Centre Location
Projected 2022 Annual Turnover £240,000
Accounts Available 31 March 2021
Further Financial Info Available After Viewing
Established 1978
Retirement Sale
Heavy Footfall Area
Popular Tourist Location
Close To Large Multiples
Fully Equipped
Beautifully Presented
4 Point CCTV In Place
Scope For Strong Marketing Drive
Potential For Late Night Opening
EPC - D

REF 7685 – Leasehold Gift Shop

Blacks Brokers are pleased to bring to the market this leasehold gift shop located in Chester, Cheshire.

INTRODUCTION

Lee Louise Ltd was established by our client in this affluent and busy area of Chester centre in 1978. The business offers a wide range of beautiful gift ideas including clothes, bags & accessories, jewellery, crystals, incense, homewares and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Lee Louise Ltd has a comprehensive website with e-commerce in place and a strong social media presence.

LOCATION

Lee Louise Ltd occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Primark, Boots and Holland & Barrett. There are also a number of car parks and other local amenities nearby. The area is well linked by the A55 and M56 with very strong public transport links and parking is available in the surrounding area.

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.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling monthly agreement which runs at a cost of £461 per week.

STAFF

The business operates with three members of full time and four members of part time staff in employment supporting our client also working on a full time basis.

FINANCIAL DETAILS

Lee Louise Ltd has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has an annual turnover of £58,035 with gross profit of £15,580, please note this year has been affected by covid. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies an enviable trading position in a bustling and highly sought after area of Chester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours to include late nights. A new owner may also look to develop a strong marketing strategy to expand the ecommerce side of the business further. 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 09:30 - 17:30
SAT: 09:15 - 18:00
SUN: 11:00 - 16:00

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