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Exclusive Specialist Gift Shop. For Sale

Grantham, Lincolnshire
Asking Price:
£24,999
Turnover:
£78,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market Bags & Bears.

The business has been operated by the current vendor for over 5 years in which time it has built up a very loyal customer and base and which due to family commitments this truly rare and exciting opportunity has now become available.

The business holds the licence to sell the incredibly popular Charlie Bears within a 25-mile radius. These much sought after collectable bears are brought to the market every 12 months and are incredibly popular being one off ranges each time enabling the bears to increase in value and become a collectable item. The business therefore offers the opportunity for an individual to acquire an already established site which holds this unique licence to trade in these products.

Bags & Bears also holds the independent trader’s rights to TY Bears, Steiff Bears, Bomb Cosmetics and Pots Of Dreams enabling the new owner to carry on and build these brands with the knowledge that the licences and supply chain has already been acquired and established.

The business also stocks a wide range of handbags, purses and scarfs as well as jewellery, watches, mugs and a range of bath and soap products enabling the new owner to extend the ranges further putting their own spin on things. The current vendor has also recently invested in a new and slick website with the opportunity for on-line sales to soar selling this much sought-after range of products.

Bags & Bears is a golden and exciting business opportunity for an individual to acquire an established site and to take it to the next level for very affordable in-going costs, a golden opportunity.

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Hilton Smythe advise an internal inspection to appreciate the opportunity on offer.

Location
Situated on Welby Street within the centre of Grantham in Lincolnshire.

The business is in a much sought-after location within a pedestrianised area in amongst the bustling and vibrant businesses.

The shop is easily accessible by all modes of transport from all routes into the town just off Westgate with plenty of free short stay parking surrounding the site.

Premises
Ground floor retail unit situated on the very sought after Welby Street in Grantham.

Equipment to include,

• Trading counter to the centre of the shop
• Display units
• Shelving
• Storage binnacles
• Shelves
• Racking display carousels
• Glass presentation units

To the rear of the site is two additional stock rooms and ground floor WC with hand wash basin.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £6,240 per annum.

Hours
The business is currently operating from 9.00am to 4.00pm Monday to Saturday.

Staff
The business is run and managed by our client.

Financial Profile
We are advised the business is currently turning over in the region of £78,000 per annum trading limited hours.

The rateable value of the premises is £7,100.

We are advised there are currently no business rates payable.

Property information

Property:

Leasehold

Contact Information

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  2. Country

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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