Asking price: £599,000

Sales revenue: 0 - £200k

Net profit: 0 - £100k

Fixtures value: Undisclosed

Stock value: £35,000

Business description
Confidential sale of one of best home & business combos that has come to market for a longtime. Substantial, yet easily run & mainly staffed gift/china/small reproduction antiques, lamps & glass shop with good T/O & high NP in excess £50Kpa, together with spacious 3 bed home & garden all in classic Georgian property in prime position. UNDER OFFER

Years established: 10

Employees: Owners run business with help of 3 - 4 part-timers only working themselves to cover holidays and illness.

Trading hours: M-Sat 10am to 5.30pm, Sun 12 to 5pm.

Property: Freehold

Living accomodation
The spaciously designed living accommodation occupies the two floors above the shop and accessed via a private door from within the main retail area, although it is considered that if a totally separate access is required, this could be included without too much difficulty, subject to any planning and building regulations required. The door leads to stairs leading to the 1st Floor which has been designed as a very spacious open-plan Lounge/Dining Room/Kitchen (approx 45' x 15'8") with high ceiling and double aspect with large sash windows to both the front and rear. To the front there are views over the character street and to the rear the views are over the garden and the rooftops of Rye, as the property occupies an elevated position in the town. On entering this room there is a Dining Area which easily fits a large table & chairs and this leads into a fully fitted Kitchen Area which is raised slightly and has a tiled floor & tiled splash back and is equipped with a 5 burner range with extractor hood over, 1½ bowl sink unit, plumbing for a dishwasher, space for fridge and a space for freezer. At the other end of the room is a spacious Lounge Area with a large storage cupboard off (approx 6' x 5') and central lighting fitting, with recessed spot lighting elsewhere. Due to the configuration, it would be easy (subject to any building regulations) to separate the dining room, kitchen and lounge, if preferred. Open plan stairs lead up to the 2nd Floor and the Large Hall Landing, with built-in 6 door cupboard with further storage over, which in turn leads to the; Master Bedroom - approx 15'7" x 10'9" with radiator, wall lighting and a lovely window to front. Double Bedroom 2 - approx 14'1" x 9'3" with radiator and sash window to rear. Small Double Bedroom 3 - approx 9'11' x 9'3" with window to side. Bathroom - with full size bath & built-in pedestal wash hand basin, ½ tiled, with hot water tank & airing cupboard & recessed spot lighting, etc. Separate WC - with low-level WC, wash hand basin, radiator & window to rear. Large Loft – recently insulated. We understand that the property was recently refurbished throughout when central heating was installed togther with, new wiring, new plumbing and plastering, and we believe is being offered in excellent decorative order. Outside To the rear, the property has its own secluded garden, which has patio areas for outside dining & sunbathing, etc and is designed with ease of maintenance in mind.

Location
The property itself is located in what can only be described as a prime trading position in the highly sought-after historic and tourist town of Rye in East Sussex.

The medieval Cinque Port Town of Rye is characterised by its cobbled streets and buildings of historical and architectural interest. The area immediately around Rye is also noted for its outstanding beauty with its attractions of wildlife and the numerous ancient churches contained within the 50,000 acres of Romney Marsh.

Travelling to & from Rye, the A21 provides a direct route from Central London (approx 67 miles distance) and adjoins the M25 at Junction 5 giving access to the national motorway network. Also Junction 9 of the M20 at Ashford is within approximately 20 miles providing easy access to Cross Channel Tunnel and Ferry services at Folkestone as well as the M25.

Expansion potential
Could increase turnover and profits by developing currently unused retail sales area downstairs and/or developing a mail order website.

Reasons for selling
Early retirement.