For sale £20,000 - General Retail
City Business are pleased to bring to the market this really attractive gifts business. The current owner set up the business more than 35 years ago and has successfully run it ever since. However all things must come to an end sometime, and so the owner has finally decided that it’s time for someone else to take over the reins and allow her to retire.
Set in an attractive shopping parade with symbiotic retailers, the business attracts regular trade and passing custom. It has its own web site and the owner runs a loyalty program to reward repeat trade from locals. The parade is close to easy parking and a Waitrose close to the town centre.
The shop carries a really wide range of up market gifts; silver and fashion jewellery, toys including Galt, Orchard Toys, Great Gizmos, House of Marbles, Jellycat and a whole section of pocket money toys. In fact everything you could possibly think of for that last minute gift.
Current trade is 6 days a week 9-5pm, which the owner manages with the help of two part time assistants.
Turnover is ca £2,500 per week and with gross margins of above 40% the shop makes gross profits ca £55K pa.
Rent is £8500 + VAT, and the business enjoys 100% rate relief.
Having successfully run the business for over 30 years the owner believes the business would flourish under new management with new ideas energy and enthusiasm.
The business is offered with all fixtures and fittings ready to trade, (full list available on viewing) Current stock is ca £30 K Offers are invited for the company to include all assets and goodwill on a cash free debt free basis.
Location Details: Set in an attractive shopping parade