An excellent opportunity to purchase a turn key investment where changes can be made to implement growth.
The main part of the business is the huge range of greeting cards, stationery, toys and games. News and Magazines creates a footfall and we benefit from confectionery and ice cream sales also.
Very well established over 40yrs in the same location, a "go to" for excellent greeting cards within the town.
Excellent loyal customer base and a turn key investment for anyone wanting to work within the business or remotely.
Currently open 6 days a week with normal opening hours.
Last full year turnover of 153K with a GP of 40%.
- Asking Price:
- Under £50K Furniture / Fixtures included
- Turnover:
- £100K - £200K
- Net Profit:
- Under £50K
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
Ongoing
- Leasehold Rent:
-
£13,000 per annum
- Location:
-
Located in a historic, pedestrianised busy tourist area called The Shambles.
- Premises Details:
-
An attractive building, ground floor is spacious retail with a first floor large store room, office, kitchen and a toilet.
- Size in square feet:
- 490
Business Operation
- Expansion Potential:
-
Increasing a selection of cards along with a very increased demand for stationery.
- Competition / Market:
-
This shop is very well established with a very large loyal customer base, the closest shop would be the Coop but doesn't offer the specialised greeting card selection.
- Reasons for selling:
-
Currently have another retail location in Frome which is taking lots of time.
- Trading hours:
-
Mon - Fri 9am - 5pm
Sat - 8.30am - 5pm
- Employees:
- 2
- Years established:
- 40
Other Information
- Support & training:
-
Happy to provide training around the Epos system and how each supplier to the business operates.
- Furniture / Fixtures value:
- £5,000 - included in the asking price
- Inventory / Stock value:
- £18,000
