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Established Giftware And Home Furnishings Shop In Barnstaple For Sale

Barnstaple, Devon, UK
Asking Price:
£29,950 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

Established and profitable giftware, cards and home furnishings retailer with over 30 years of trading history, occupying an attractive position just off Barnstaple High Street within the covered Gammon Walk shopping area.

The business offers a broad range of gifts, greetings cards, jewellery, home furnishings and furniture, with recognised brands including Jellycat, Lily-Flame Candles and Lanka Kade wooden toys. The well-presented retail premises provide an inviting environment for browsing and benefit from nearby national retailers.

Turnover reached £130,000 in 2024, with an average net profit of approximately £30,000. The business currently trades six days per week and benefits from 100% small business rates relief, offering an appealing opportunity for a first-time buyer or experienced retail operator.

Offered on a leasehold basis at £29,950, including trade fixtures, fittings and equipment, with stock purchased separately at valuation. A reluctant sale due to pending retirement presents an opportunity to acquire a long-established independent retail business in Barnstaple.

Property Information

Property:

Leasehold

Lease Terms:

Assignment of the existing renewable lease, with approximately 4 years remaining at the time of the particulars. Service charge approximately £140 per month.

Leasehold Rent:

£15,750 per annum

Location:

Located within Gammon Walk, a pedestrianised and partially covered shopping area just off Barnstaple High Street. The premises occupy a mixed retail location alongside established operators, with major national retailers nearby, providing strong town-centre visibility and passing footfall.

Premises Details:

Single-fronted lock-up retail shop within the Gammon Walk development, providing approximately 812 sq ft (75 sq m) of ground-floor retail space with counter servery, display cabinets, shelving, card stands and display furniture. The first floor provides a fitted stockroom, office and toilet facilities, with a rear service-yard entrance.

Size in square feet:
812 sq ft

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Pending retirement.

Trading hours:

Monday–Friday 9:30am–5:00pm; Saturday 9:00am–5:00pm

Employees:
4 - Three family members and one non-family member
Years established:
Over 30 years

Other Information

Financing available:

Introductions to competitive commercial finance packages may be available through the agent’s banking and commercial broker connections, subject to individual circumstances.