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Established Greetings Card Shop Near Southampton For Sale

North Baddesley, Hampshire
Asking Price:
£7,000 Furniture / Fixtures included
Turnover:
£46,000
Net Profit:
Under £50K

This established shop is now offered for sale due to the retirement of the current owner.
The shop was opened by the owner 16 years ago and has built up a loyal customer base who value the extensive ranges and personal service offered.
The turnover is currently £46,000 with a Gross Profit of £26,000 (56%).
In addition to wide range of greetings cards, helium balloons and other party products are offered. A range of gifts focused on weddings, new births, Christenings, wedding anniversaries and landmark birthdays are sold.
The shop also markets a wide range of stationery items and carries a haberdashery stand and pick and mix outlet.
The shop is very well regarded locally, it also attracts some customers from several miles away who have received recommendations to visit us.
The shop is offered at an attractive price to sell and has potential to expand its footfall once new housing developments are completed
If interested please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Lease Terms:

The current lease is a 5 year term with 4 months remaining. The landlord has indicated that he will be happy to issue a new lease to the new owners.

Leasehold Rent:

£7,400 per annum

Location:

The business is located in a small parade of shops in the village of North Baddesley (current population 7,000) near the market town of Romsey in Hampshire and close to Southampton.
The parade includes a busy Co-Op convenience store and provides free car parking at the front and rear of the shop.
North Baddesley is a densely populated residential area and is expanding - an additional 300 houses are due to be built very soon within our immediate catchment area.

Premises Details:

The business is located within a purpose built block with lock up shops at ground level and flats above.
The retail area includes the following fittings -
13 card display racks (each 4 feet wide)
5 end panels for card displays
7 greeting card spinners
A number of additional cardboard display racks for use as required.
3 gift display stands, Additional stands for haberdashery, gift mugs,candy king sweets,Orchard Toys and scented candles.
The walls include hanging areas for display of helium balloons and party goods and shelving for gifts and stationery.
There are hanging displays for gift wrap
At the counter there is a cash register, UV note checker, IZettle card reader and mobile phone. There is a large helium cylinder for balloon inflation.
At the rear of the shop is a large storeroom with work top area, kettle and extensive floor to ceiling shelving.
There is a lockable filing cabinet.
Through another small storage area leads to the cloakroom with wash hand basin and newly installed W.C.

Size in square feet:
791

Business Operation

Expansion Potential:

The planned expansion of housing provision within the village of 300 houses which will be within our immediate catchment area, should generate additional turnover. In addition there is further new house building just outside the village.
The shop operates currently on easy hours as the owners are in semi retirement. There is scope to increase hours, undertake additional advertising and use social media. Feedback from customers indicate that the shop is considered one of the best in the area.

Competition / Market:

There is no significant competition from other shops within the village.

Reasons for selling:

Retirement

Trading hours:

Monday to Friday 10 to 1 and 2 to 5
Saturday 9.30 to 5
Sunday closed
Closed on bank holidays

Employees:
2 part time staff, however the business can be run solely by an owner manager with just holiday cover.
Years established:
16

Other Information

Support & training:

The owners live in the village and are happy to provide any advise and guidance that the new owners require.
This could include financial advise as my husband is an accountant.

Inventory / Stock value:
£17,000

Contact Information

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