Superb Gift Shop For Sale

Business description

SUPERB GIFT SHOP - NORTH WALES
Excellent trading location in affluent seaside village
Turnover £150,000 per annum and highly profitable
Well established, well known and highly regarded
Appointed to a high standard throughout
Repeat custom built on an outstanding reputation
Scope for further development
Early viewing recommended to fully appreciate
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this highly visible, highly sought-after and well known business in the stunning seaside location of Abersoch, North Wales. Established as a gift shop over 30 years ago, this now thriving and highly profitable business has been in our clients careful ownership for the past 7 years and is only now being offered to the market due to unfortunate family circumstances. Our client has transformed the business from basic seaside gifts to a wonderfully original array of gifts, clothing, handbags, pottery, china ornaments, jewellery, fishing tackle and bait. The shop has been well appointed with large aluminium-framed glass shelving units, ample wall shelving and benefits from 2 large window displays and a prominent frontage. It is very rare that a business with such a fantastic trading location in the busiest area of the village comes onto the open market. The business offers the new owner huge scope to increase turnover as currently it is run at a pace that suits with weekend only trading from November through to February. The business currently acts as sole agents on a commission basis for a popular fishing and boating excursion company that operates from the Bay which generates at least £400 per week during the peak season and with scope to promote further. Early viewing comes highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length 7 years
Rolling lease
New lease available
Rent £8,000 per annum

Living accommodation:

Double-fronted ground floor retail premises, originally 2 separate retail units, now expanded into one. Briefly comprising; Entrance into sales area 1: Large 5 tier glass window display unit, wall shelf units, 2 freestanding display gondolas all densely stocked with gifts, clothing, china, jewellery etc. Overhead air conditioning/heater unit in both sales areas. Central service counter with cash register, CCTV screen monitoring 4 Cameras, alarm system. Sales area 2: Rear service counter and glass display of fishing tackle and shelf units for fishing equipment. Large glass display units, shop fitted to suit trade. 2 rear doors leading to long rear storage room with staff WC and wash basin, outer door to 2 vehicle parking bays allocated to shop.

Location:

This area of outstanding natural beauty draws tourists to the area 12 months of the year, where people can enjoy at least 10 delightful beaches and the spectacular views of the surrounding countryside. Sailing, fishing & cycling are popular activities in the area. There are many camping and caravan sites locally which cater for families. Abersoch is just a short drive west from Pwllheli and Criccieth and approximately 20 miles south of Caernarfon, which links to the A55 expressway joining Holyhead to Chester and the M56 motorway.