Asking price: < £200k

Sales revenue: £300,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Well established Craft and Stationary Business, turnover approximately £300,000 pa gross profit approximately £51,000 pa. High footfall prominent High Street position, loyal customer base. Viewing highly recommended.

Property: Leasehold

Location
LOCATION
This business is located in a prominent High Street shopping area in Skegness. Skegness is situated on the North East coast of Lincolnshire and is one of the countries premier holiday destinations. However this business is predominantly unopposed and offers an excellent all year round trade. Skegness continues to undergo substantial residential and commercial development and it is our opinion that this location offers an excellent business opportunity.

BUSINESS PREMISES
The business premises is a lockup shop unit with a customer retail area of approximately 1100 sqft. The approximate measurements are 18.11m x 5.56m (approx 100sqm). There is a double fronted window with a centrally situated entrance/exit door. The premises has an excellent range of wall mounted shelving with centrally situated shelving isles. To the side of the premises there is a customer counter leading to a small office area. There are two further storage areas with the premises. The premises also has a substantial area of private accommodation on the first floor with approximately 5 bedrooms, lounge, kitchen and bathroom. This is currently sublet attracting
a rental income of approximately £5,760 pa.

BUSINESS
The business has been long established in the local area and has been with the same owner in excess of 10 years. The present owner started of running market stalls and moved to the present location almost 6 years ago. The business remains unopposed in the local area and offers an excellent range of stationary, art and craft supplies. The business offers an excellent turnover of approximately £300,000 pa with a gross profit of approximately 51%. The current vendor sublets the private accommodation attracting a rental income of approximately £5,760 pa and this goes someway to offset the annual rental liability. The reconstituted profit is approximately £75,000 pa and the turnover has grown over recent years. It is our opinion that this is an excellent business opportunity and viewing is highly recommended in order to avoid disappointment.

HOURS
The business is open 7 days per week. Could benefit from closing later.

STAFF
Any potential purchaser should note that the business is fully managed with minimal owner input. Therefore it would be ideal for one or two working owners which would reduce the wage bill. The current staffing is one manager, with one further fulltime staff member and
part time staff as and when required.

RENT and RATES
The current rent and rates are approximately £39,600 pa.

LEASE
We are informed that the premises are currently secured on a renewable lease, further details will be provided upon request.

PRIVATE ACCOMMODATION
The premises comes with approximately 5 bed accommodation plus lounge, kitchen and bathroom. Please note there are also two small storage rooms which could be converted into further bedrooms if required.

STOCK AT VALUE
We are informed that the current stock at value is approximately £40,000.

Viewings
If you wish to discuss this business opportunity in greater detail, or arrange an appointment to view this business, please telephone ----- ------