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This is an ideal opportunity to acquire a well established, profitable, thriving gift shop in an attractive central location of Bishops Stortford. The property sits alongside other independent retailers in an arcade secured at night. The business benefits from nearby public car parking and a Waitrose supermarket.
The business was set up 11 years ago by the current owner and has enjoyed a consistently high turnover as a result of establishing an excellent reputation with a very loyal customer base with stock of high quality design led gifts and cards. Most of the carefully sourced suppliers are unique to this shop in the town which underlines repeat business seeking quality value products.
A new owner may wish to consider introducing a website with e-commerce facility and maximise the use of social media.
The business is offered with the benefit of a new lease agreed (subject to contract), goodwill, fixtures and fittings ready to trade all at an asking price of £25,000 plus stock at valuation.
Current trading hours are 6 days a week, 10am to 5pm with the opportunity to open longer hours and on Sundays if required.
The business has a turnover of £100,000 plus with a gross profit of over £40,000 pa
Rent agreed of £9,500 plus vat (subject to contract)
Qualifying ratepayer will enjoy 100% rate relief (RV £9,400 - 2017 Rating List)
Further information available upon request, please contact seller below for more details.
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