Leasehold Bookshop For Sale

Business description

Bag a Business Ltd is delighted to offer for sale Growing Needs Ltd. Established by our clients in 1987 originally as a mail order company it has grown into a very successful independant bookshop, specialising in mind, body and spirit books, with an extensive range of titles.These include a section on pregnancy, birth and parenting, psychology and personal growth, as well as recommended books for courses and a vast children's section. Our client also holds a broad range of general books and has over 8,000 titles in stock, including a comprehensive Arthurian and local interest section. A unique range of calenders, diaries, magazines, quality cards, CDs and DVD's are also very popular sidelines. The business benefits from a large room to the rear, which is used for book launches, exhibitions, talks and workshops. Custom is drawn from passing trade as well as a well established customer base, and Growing Needs has become a destination shop for many regular visitors from far afield. Turnover is currently £237,814 per annum returning 37.5% GP. Growing Needs does not have a website, and there is therefore huge potential for the new owners to expand the mail order side of the niche market. This is a wonderful opportunity to acquire a well established business with 2 flats above and vast potential, we would therefore highly recommend an early viewing.
Business Price £89,000 + SAV

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original: Shop 1: 18 years. Shop 2: 12 years
Remaining: Shop 1: 6 years. Shop 2: 3 years
Review: 3 years
Rent: £24,750 per annum

Living accommodation:

PROPERTY DETAILS 2 shops converted into 1, with large retail showroom on ground floor and 2 one bedroom flats above, currently rented out. GROUND FLOOR Shop entrance leading to main sales area with glass fronted serving counter Electronic cash register Quality wooden display shelves and units Card racks Archway leading to shop with book display shelves and units Glass fronted serving counter and electronic cash register (currently unused) Hallway leading to a large meeting room used for book launches and workshops, comfortably seating 45 people Stock room Large office and storerooms Kitchen area 3 toilets Small open air courtyard FIRST FLOOR 2 one bedroom flats with kitchen, lounge, bathroom and double bedroom. Both flats are currently let on a six month, shorthold tenancy basis, one at £380 pcm, one at £320 pcm. Additional storeroom and staff room above back office area

Location:

Growing Needs is ideally situated in the market place of Glastonbury, Somerset being directly opposite the main entrance to the ruins of Glastonbury Abbey, the main tourist attraction in the town. Glastonbury is an ancient town and legend has it that it was the home of King Arthur's fabled round table. The town attracts many visitors during the year due to this mythology, the ruined Abbey and Glastonbury Tor (a National Trust site) and other numerous places of interest. Glastonbury is situated in the beautiful Somerset countryside and is just off the main A39 linking to the City of Wells and the M5 Motorway. The Clarks shopping village is also close by.