| (REF: 2359) Well Established Card and Gift Shop in Newcastle |
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| Seller Reference: |
2359 |
| B4S Reference: |
25542 |
| Asking Price: |
£26,950
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| Net Profit: |
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| Sales Revenue: |
£52,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Newcastle, Tyne and Wear, United Kingdom |
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Preferred Commercial is delighted to offer for sale this well-established card and gift shop, which has been open since 1995 and has been in our clients' careful hands since 2004. The business is only now offered to the market due to a change in our clients' circumstances. The premises are well-equipped to suit the trade with a spacious sales area with numerous display units and a large store room to rear with shelving to suit. The business enjoys an excellent reputation that it has gained over 15 years of trading and receives much repeat custom. The store has a loyal customer base and enjoys many word of mouth recommendations. The premises have been recently refurbished to a very high standard. Our client currently offers a wide range of greeting cards, gifts and is the only shop in the area that does personalised balloons for occasions. The business trades 6 days a week and generates a turnover in the region of £52,000 per annum. We feel this could be further increased by establishing a website and an online ordering system. The new owner could, if desired, extend the range of products available. This is an ideal opportunity to acquire an already well-established card and gift shop with huge scope for further potential. Early negotiations with Preferred Commercial must come highly recommended.
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Property: |
Leasehold |
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Lease Terms: |
Original length:10 years
Remaining: 8 years
Review: every 5 years
Rent: £14,200 per annum |
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Current Rent: |
14200 |
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Living Accommodation: |
No |
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Details of Accommodation: |
Substantial ground floor lock-up retail premises. Briefly comprising:
Ground Floor
• Sales area with shelving to perimeter walls, 2 x display central aisles, counter with electronic cash resister and large gift display cabinet
• Store room with shelving, various containers of balloons, refrigerator, microwave oven,
• WC with wash hand basin
External
• Doorway leading to a car park
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Location: |
Thoughts occupies substantial ground floor lock-up premises ideally located on a busy road in the residential area of Byker in Newcastle, Tyne and Wear. The premises benefit from ample parking in the vicinity and are surrounded by a variety of complementary shops and businesses. The area is served by a number of regular bus routes and the railway station is within easy walking distance. Byker is a popular residential area approximately 1 mile from the city centre and was the setting of the BBC TV series Byker grove. The A194 motorway lies approximately 5 miles away and Sunderland is less than 11 miles away. |
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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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Mon - Sat: 9:30am to 5:00pm |
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