Busy Profitable Gift Shop In Popular Chichester For Sale

Business description

Character premises in 15thC terrace in pedestrianised road in City centre. T/O £183,000+pa with good GPM, open M-Sat 10am-5.30pm, Sun 12-4pm, run by the owner, 2 part-timers and Saturday assistant. Good website domain could be expanded. Renewable lease from Cathedral, rent £30,000pa. Established 12 years, sells unusual gifts, jewellery, pottery, candles & cards. Stock approx £20,000. Very competitive low price for quick uncomplicated sale and consequently only purchasers who are in a position proceed need apply.

Property information

Property:

Leasehold

Lease terms:

We understand that the property has the benefit of a renewable lease granted by Chichester Cathedral with 4 years still remaining at a current rent £30,000 per annum with the next review is due in 2013.

Leasehold rent:

£30,000 per annum

Location:

The business is situated in the heart of the sought after historic cathedral city of Chichester in West Sussex. It is located prime trading position amongst many other quality retailers including White Stuff, Cath Kidston, Apple Computer Store, Pizza Express, Steamer Trading and Tesco Express, and the National Trust as well as a wide range of independent outlets. The street itself leads from the railway and bus stations to the city centre and is largely pedestrianised, with the Festival theatre and Pallant gallery also within easy walking distance.

Chichester is situated near the South Coast of West Sussex surrounded by attractive countryside with the South Downs nearby.

It is the administrative centre for the western half of the county with a population of approximately 25,000, and is within easy reach of other coastal cities including Portsmouth and Brighton thanks to excellent road and rail links.

Premises details:

The property is one of a terrace of C15th cottages converted to shops in 1825 and has a character shop front with a Georgian pane bowed display window with a sign-written fascia name board above.

A semi glazed door provides level access into the shop which is very well fitted for the trade with slatted walls, adjustable shelving and racking, freestanding display cabinets, rotary card racks and a serving counter with glass display front equipped with two electronic cash machines and a credit card machine. The interior is well lit by halogen spot lighting and is fully carpeted.

A door leads to the rear office, WC, washroom and kitchenette area with sink. A trap door in the main shop leads down to a cellar covering around two thirds of the floor area and equipped with shelving and racking providing a useful storage facility.

Overall the shop has a charming character with a convenient layout easily run by one person except at busy times.

Business Operation

Expansion potential:

could expand the on-line presence

Trading hours:

Current trading hours are Monday to Friday 10.00am - 5.30pm, Saturday 9.30am - 5.30pm and Sunday 12.00 - 4.00pm.

Employees:

It is run by the husband and wife owners with the assistance of two part time staff and a Saturday assistant.

Years established:

12