ESTABLISHED CARDS & GIFTS SHOP FOR SALE – PRIME HIGH STREET LOCATION
Long-established business with strong profit margins and significant scope for growth
This long-established and much-loved Cards & Gifts business has been successfully operated by the current owners for over 18 years.
Situated in a prime high street location, the business benefits from excellent visibility, strong footfall and a loyal customer base. Currently operated on a part-time basis by the husband-and-wife owners, the business offers considerable potential for increased turnover and profitability through extended trading hours.
BUSINESS HIGHLIGHTS
Established Business
Successfully operated by the current owners for over 18 years, with an established reputation and loyal customer base.
Part-Time Operation
Currently run by a husband-and-wife team, each working just 16 hours per week. This provides significant scope for a new owner to increase trading hours and develop the business further.
Improved Profit Margins
Gross profit margin has recently increased to an impressive 64%, up from 55%.
Significant Growth Potential
There is considerable opportunity to increase turnover by extending trading hours, including later evenings, Sundays and bank holidays.
Diverse Product Range
The shop offers a broad selection of cards and gifts, alongside premium candles, personalised items, accessories, mugs and more.
AN EXCELLENT OWNER-OPERATOR OPPORTUNITY
This is an excellent opportunity for a full-time owner-operator or family-run business to acquire a well-established retail operation and build upon its strong foundations.
The premises could also potentially be converted to other retail formats, including:
Convenience store
Vape shop
Beauty salon
Or any other retail venture
PRIME LOCATION
The business is situated within a popular retail parade, surrounded by national brands including Morrisons, Costa Coffee, Boots, Iceland and WH Smith.
The location benefits from:
High levels of footfall
Excellent visibility
Consistent trade from surrounding commercial activity
An established retail environment
FINANCIAL OVERVIEW
Average weekly retail sales: £2,000, based on current part-time trading hours
Gross profit margin: Recently increased to 64%
PREMISES
The premises extend to approximately 1,312 sq ft / 122 sq m and comprise:
Ground floor retail area: 612 sq ft
First floor: Office, stockroom and kitchen
Rear delivery access
Dedicated owner parking
LEASE & OCCUPANCY COSTS
Rent: £15,000 per annum
Lease: 5 years remaining (renewable)
Service charge: £1,268.98 per quarter, including VAT
Business rates: Eligible for Small Business Rates Relief, currently nil
STAFFING
The business is currently operated by:
Part-time husband-and-wife owners, each working 16 hours per week
One part-time staff member
CURRENT TRADING HOURS
Monday to Saturday: 9:00 AM – 5:00 PM
Sunday: Closed
There is clear potential to increase revenue by introducing Sunday and holiday trading, together with extended weekday opening hours.
SALE DETAILS
Stock: Payable in addition at valuation
Fixtures and fittings: Included in the sale
Legal fees: Each party to cover their own legal costs
Landlord's legal costs: To be split equally
NEXT STEPS
Trading information will be made available to serious prospective buyers upon signing an NDA.
A non-refundable deposit will be required to secure the sale.
Strictly no direct approach to staff or vendors. Viewings are strictly by appointment only.
