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Successful Town Centre Business And Premises For Sale

Kirkwall, Orkney Islands, UK
Asking Price:
£375,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Due to retirement a unique opportunity to purchase an award winning, successful, established, profitable, town centre business and premises.
Orkneys only independent specialist card retailer was established in 2009 and the business has continually shown an annual sales of around £250,000 with a gross profit of over £100,000.
To compliment the full range of greeting cards the business also has a full gift wrap display, a wide range of birthday gifts, partyware, balloons, photo frames, stationery, luggage and for the tourist season a full range of local and Scottish souvenirs. The premises are situated in a prime location on the main shopping street in the centre of town.
The business has twice won the Retas award for the best Scottish independent greeting card shop.
The building has an internal area of approximately 85 square metres an consists of a front shop, rear shop, office, Kitchen/store and WC all on the ground floor and stands in excellent condition throughout having been continually maintained and refurbished.
The current value of the business is £200,000 and the value of the premises is £220,000.

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Location:

Situated in a prime high street location on the main shopping street in the centre of town beside a chemist, butcher and other main stores.

Premises Details:

The premises are of stone construction, externally harled with a hipped roof of Welsh slates. The property has an internal floor area of approximately 85 square metres and consists of a Front Shop, Rear Shop, Office, Kitchen/Store and WC. The property is served by Mains Electricity and Water and is connected to the Public Drainage System. The property stands in excellent condition throughout having been continually maintained and refurbished.

Size in square feet:
Approximately 85 square metres
Energy Performance Rating:
F  View EPC Graph for this property

Business Operation

Competition / Market:

The business is the only specialist independent greeting card retailer situated in Orkney.

Reasons for selling:

Having retired from the Police I started this business 12 years ago However at age 62 I feel it is now time to retire fully while still fit to do other things I would like to

Trading hours:

Mon-Sat 08.30 to 17.30, Sun seasonal 11.00 to 16.00

Employees:
2 full time and 2 part time Saturday workers
Years established:
12 years

Other Information

Support & training:

support will be given during any change over period. Long established accounts are held with all suppliers and details of seasonal stock requirements are available on spread sheets. All accounts are help on the sage accounting system for which any training can also be given.

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£40,000

Contact Seller

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