Greetings Cards & Gifts Newport Shropshire For Sale

Business description

Greetings Cards & Giftware in a Shropshire Town

Busy Town Centre Location

Well Fitted & Spacious Shop

Genuine Reason For Sale

Leasehold Price £30.000

Description:
An attractively presented double fronted shop situated in the Town Centre and having lots of passing trade.The owner established the business in 2007 and invested a lot of money fitting it out to a high standard.

Premises:
The spacious Sales Area (11.5m x 5.9m max) has a carpeted floor and is fully fitted. Fixtures and fittings include numerous wall standing greetings card display cabinets with drawers under. a central run of double sided greetings card cabinets. specialist giftware display cabinets. and serveover checkout with cash register.

Leading to a Passageway Area; Kitchen with hot water heater; shelved Stock Room/Office; w.c with hand wash basin.

There is a rear access door. The business has the security of CCTV and fitted alarm system.

Accommodation:
There is no living accommodation.

Trading Hours:
8.30am 5.30pm Monday to Saturday

Closed Sunday

Comments:
A well fitted business having a desirable Town Centre trading location. The only reason for the sale is that the owner has other business commitments and finds it difficult to devote enough time to this business. An ideal opportunity for a husband and wife team to further expand on this profitable business.

Our Client Informs Us That:
Takings and Profitability:
Takings are around £1.200 per week with the usual high margins associated with the trade. The shop was only established in June 2007 and takings are steadily increasing as it becomes known. Average takings will increase drastically during the traditional busy periods i.e. Christmas. Easter. Mother?s Day etc.

Staff:
Could easily be operated by a husband and wife team without the need for any staff.

Tenure:
Leasehold. Held on a 15-year lease from 2007. with 5 yearly reviews. at a current rent of £12.500 per annum. There are 5-yearly break clauses in 2012 and 2017.

Price:
£30.000 plus stock at valuation for the lease. business. fixtures and fittings.

Property information

Property:

Leasehold