Popular Sweet Shop In Cornwall For Sale

Business description

This is a delightful business which has an excellent reputation for quality traditional sweets, fudge and chocolate. The business was established by the present owner in October 2009 and has built a loyal customer base from all age groups, generating a steady all year round turnover.

LOCATION
The sweet shop is a fantastic opportunity for the right person to run and manage their own business. Bodmin is a busy and popular town with a population of approximately 13,000 people, offering a broad range of shops to cater for the local community and the many tourists who visit this historical town each year.
The business is located in an attractive indoor shopping arcade, adjacent to a popular cafe and supported by an eclectic mix of other small businesses including a mobile phone shop, travel agency, computer games shop, charity & pet shop, each of which brings footfall into the arcade.

THE BUSINESS
Gillard's Sweet Shop is the only specialist retailer of sweets in Bodmin, facing only minor competition from newsagents. During the summer months the vendor sells ice creams from a freezer which is not part of the sale. The business benefits from a steady year round turnover, with peaks in the Summer months, Christmas and Easter.
On offer are over 200 jars of loose sweets, a selection of children's pick and mix sweets, traditional favorites, boxes of chocolates and a range of locally made fudge & biscuits.
Following a marketing campaign in April 2011, the business has seen a steady year on year growth of between 25% and 50% each month, with January 2012 showing a 53% increase in turnover from 2011. The business is in a good position to withstand the current economic difficulties. The price is fixed and includes the all stock.

A full breakdown of takings by day, week and month is available upon request.

THE BUSINESS NAME
The current owners are prepared to allow the purchaser to use the Gillard's name for the first 6 months of trading, to allow the new owners to benefit from customer loyalty and goodwill. After this period, retention of the name will be by agreement between the vendor and purchaser, based on the continued good image of the business and quality of stock. The vendors will continue to operate their branch in Launceston.

STOCK
£3-£5k

TURNOVER
£35k

STAFF
The business is currently run by the owner plus one member of staff.

LEASE
The vendors elected not to take a formal written lease, although the arcade landlord is happy to provide one for the purchaser should this be required. A range of flexible term lease options would be available and it is suggested that this be discussed directly with the landlord by any interested parties.

OPENING HOURS
Winter
Mon- Sat 11-4.30pm
Summer
Mon - Sat 10- 5pm

RATEABLE VALUE
£1950 (2011/12)
Note: Small business rate relief of 100% is available on these premises until October 2012 if this is the only premises in the business.

REASON FOR SALE
The vendors wish to concentrate on, and develop, their Launceston based business.

Property information

Property:

Leasehold