Gift Shop In Hailsham Town Centre For Sale

Business description

LOCATION
The shop is located in of Hailsham town centre just off the main high street in a pedestrianised shopping area. There are a number of independent shops, cafes and hair salons in the immediate area.

BUSINESS
The business was established in 2004 by our client and has become a popular and well known shop with local residents. It sells a range of gifts, jewellery, clothing, cards, small items of furniture and mirrors. Accounts for the year to April 2010 show sales of £79,238 producing a gross profit of £32,226.

SHOP
Ground Floor - with an internal width of 17’6’’ (5.3m) and a depth of 38’9’’ (11.8m) the shop is well decorated and equipped with carpet tiles throughout. The is a counter with electronic cash register, a number of wall-mounted shelving and display units, slatwall and free-standing clothing display units.

Changing Area

Stairs to:

First Floor Retail Area - measuring 20’3’’ (6.2m) by 19’6’’ (5.9m).

Small Storage Room - leading to Staff WC

Office - 9’9’’ (2.9m) by 6’6’’ (1.9m).

HOURS
Monday to Saturday - 9:15 am to 5:15 pm.

STAFF
Our clients work in the business for an average of three days per week with the assistance of a part-time member of staff.

TENURE
We are informed that there is a 10-year lease from 2004 at a current basic rent of £10,000 per year and rent reviews every 5 years.

RATES
2010/11: Rateable Value is £8,900. Business rates payable are £2,218 including Small Business relief.

Property information

Property:

Leasehold