Mailbox Estates proudly presents a well-established and beloved cards and gifts business, under the same ownership for over 18 successful years.
Offering a diverse range of high-quality products, beyond the traditional cards and gifts, the store also features a curated selection of premium candles, accessories, gift cards, mugs, personalized items, and much more.
THE OPPORTUNITY:
* This site offers a prime opportunity to either maintain its current function as a cards and gifts store or transform it into a variety of retail ventures. Thanks to its prime location in a bustling area, it could seamlessly transition into a convenience store, vape shop, beauty salon, or any other retail concept you envision
REASON FOR SALE:
* After 18 years of dedicated service, the owners are now seeking a well-deserved retirement.
KEY FEATURES:
* Prime Retail Location: Benefits from significant foot traffic and passing trade.
* Established Brand: A trusted name in the greeting card industry.
* Ideal for Owner Management: Perfect for individual owner management or a family-run operation.
LOCATION:
* Nestled within a popular parade, surrounded by renowned commercial enterprises including Morrisons, Costa Coffee, Boots, Iceland, WH Smith's and other prominent retailers.
* This strategic positioning ensures high levels of foot traffic and visibility, making it an attractive destination for shoppers. The vibrant atmosphere of the area, coupled with the presence of neighbouring retailers, enhances the business's appeal and contributes to its success.
FINANCIAL SNAPSHOT:
* Average retail sales of £2,000 per week with an impressive profit margin of approximately 55%.
PREMISES OVERVIEW:
* Total unit area spanning approximately 122 square meters (1312 square feet), well-maintained and presented.
* Ground floor retail area of 612 sq ft
* First floor features an office, additional stock storage room, and kitchen.
LEASE DETAILS:
* Offered by assignment of the existing lease with 5 years remaining, renewable.
TRADING HOURS:
* Monday - Saturday: 9:00 am - 5:00 pm
* Sunday: Closed
* There is an opportunity to extend the opening hours to boost sales
STAFF:
* Part-time owner-operated by a dedicated husband and wife team, supported by a part-time staff member
FIXTURES & FITTINGS:
* The business is fully equipped with high-quality fixtures and fittings, included in the sale.
EXTERNAL FEATURES:
* Delivery access at the rear with direct entry to the stockroom.
* Designated owner's parking available at the rear.
BUSINESS RATES AND SERVICE CHARGE:
* Eligible for small business rates relief, resulting in no business rates payable.
* The service charge is £1,268.98 per quarter, including VAT.
STOCK:
* Stock at valuation to be paid in addition to the fixed price of £90,000.
LEGAL AND TRADING INFORMATION:
* Legal costs for the sale are the responsibility of each party. Landlord's legal fees are to be shared equally between the buyer and seller.
* Trading information available to serious buyers upon signing a Non-Disclosure Agreement and viewing the premises.
VIEWING ARRANGEMENTS:
* Discreet customer visits are encouraged, but under no circumstances should any direct approach be made to the vendor or the staff.
DEPOSITS:
* Successful Buyer(s) will be required to submit a non-refundable deposit.
Tenure: Leasehold
