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Well Established Gift And Collectables Shop In Northampton For Sale

Northampton, Northamptonshire, UK
Asking Price:
£100,000
Turnover:
£140,000
Net Profit:
Undisclosed

We are delighted to present a rare opportunity to acquire a thriving family-run gift and collectables shop, located in the heart of Northampton. This well-established business has built a loyal customer base over the years, offering an extensive range of unique and high-quality products including aromatherapy oils, incense burners, ornaments, and personalised gifts. The business is ideally situated to benefit from substantial foot traffic, ensuring a steady stream of customers.

Key features:
- Prime location
- High foot traffic
- Double fronted retail unit
- Established customer base
- Wide product range
- Nearby amenities

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a fully repairing and insuring 8 year lease from November 2020 at a passing rental of £15,500 +vat per annum, exclusive of rates, subject to rent reviews years 3 & 6. Plus a service charge of £6,000 +vat per annum.

Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Located on a busy pedestrian only thoroughfare.

Premises Details:

Double fronted ground floor retail lockup.

Size in square feet:
1,194

Business Operation

Reasons for selling:

Owners retirement.

Years established:
15