| (REF: 1708) Specialised Gift Shop In North London |
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| Seller Reference: |
1708 |
| B4S Reference: |
18761 |
| Asking Price: |
£80,000
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| Net Profit: |
£20,000 |
| Sales Revenue: |
£104,000 |
| Number of Staff: |
2 |
| Established For: |
20 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, North London, United Kingdom |
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Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 with a net profit of £20,000. (See financial summary below).
- A business with great potential to increase profitability.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Specialized Gift Shop which has been established since 1990. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to genuine retirement.
Services
This very good business opportunity offers one of the widest selections of top brand pens and fountain pens London and the UK has to offer. It stocks a large range of gifts for Ladies, pens for men and gift pens for boys and girls there is something for everyone. This concern also offers cards, dents leather goods, Filofax and a range of aroma therapy products.
Staffing
The concern employs two staff. Both are part time. They are paid at the rate of £5.80 per hour. All staff would stay on after a sale.
Owners Role
The owners role is hands on and she works seven days per week.
Marketing
The owner has marketed the business in Vogue magazine and has a website.
Competition
As far as competition is concerned there is no other specialist pen retailer within a wide radius of Hampstead
Market
The client base consists of locals and tourists and also attracts some celebratory customers due to its exclusivity.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Becoming more efficient with staffing levels.
Invest in refurbishing the premises
Increase stock levels.
With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 200sq ft. The front is branded with an attractive glass front. The main customer service area is carpeted with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
In the basement there is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £2,000.
Financial Details
The present turnover is £104,000 per year with a gross profit of £52,000 and a net profit of £20,000. The present value of the stock is £50,000.
The potential turnover of the business within the next 2 years is forecast to reach £130,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 10 years with 4 years remaining. The rent is £18,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £6,000 pa. |
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Current Rent: |
18,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the lucrative area of Hampstead in North London
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by a densely populated residential area with schools and other local amenities
- Area offers exceptional lifestyle
- Very good tourist trade
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with the A502 and good railway links.
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As far as competition is concerned there is no other specialist pen retailer within a wide radius of Hampstead |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Becoming more efficient with staffing levels.
Invest in refurbishing the premises
Increase stock levels.
With an enhanced website.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Owner wishes to sell due to genuine retirement. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday: 10.00am to 6.30pm
Sunday: 11.30am to 5.30pm
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The concern employs two staff. Both are part time. They are paid at the rate of £5.80 per hour. All staff would stay on after a sale. |
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