| (REF: SE001465) Interior Furnishings And Gifts - Eastbourne, E Sx |
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| Seller Reference: |
SE001465 |
| B4S Reference: |
28495 |
| Asking Price: |
£10,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Eastbourne, East Sussex, United Kingdom |
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A CHARMING WELL ESTABLISHED INTERIOR FURNISHINGS and GIFT SHOP IN THE HEART OF THE POPULAR 'LITTLE CHELSEA' AREA OF EASTBOURNE IN EAST SUSSEX
LOCATION
This attractive business is located in the heart of the popular Little Chelsea area of Eastbourne in East Sussex. The area is considered sought-after and affluent with a complementary range of interesting retailers and eating establishments, as well as office and residential premises, and the shop benefits from good levels of passing trade, as well as already being well established.
THE PROPERTY
Comprises of an attractive small lock-up shop with a large main display window with large sign-written fascia nameboard and entrance door leading into the retail area.
Attractively decorated the shop provides a nice bright retail area with high ceiling and to the rear is a small storage area, that leads to a rear door leading to a further outside storage area, yard area and staff WC. There is also a side access door to the rear corridor at the back reached by an alley to the left of the shop.
The shop is well presented and there is also a new electronic cash register.
A large dry cellar underneath the property the same size as the main shop area, reached by hatch and ladder from just by the counter area, provides a useful additional storage.
THE TENURE
We understand that the property is held on a lease with a current rent of £9,000 per annum and that the current Business Rates payable after Small Business Relief are approximately £950 per annum.
THE BUSINESS
The business stocks a wide variety of the best in classic and contemporary interior furnishings and accessories, as well as decorative lamps and a range of interesting gift items, and the vendor strives to provide unique and distinctive pieces that you would not usually find in the high street.
Started 11 years ago with a clear intention of supplying home interior accessories that were stylish, different, well made and affordable as well as offering a personal and friendly service, the business is easily run by the owner with a Saturday lady who also provides cover on other days, if desired.
The business also sells a good variety of costume jewellery, which could also be increased, if desired, and in fact the whole stock range could be adapted to suit the trading style of a new owner over time, if desired.
The current owner trades from just 9.30am-5.00pm Tuesday-Saturday, closing on Sundays and Mondays, leaving further scope to improve trade, if desired. We understand that the current declared turnover is in the region of £52,000 showing a high Gross Profit margin of approximately 50% and good Net Profit for the owner that we feel can easily be increased in the hands of a new enthusiastic owner.
The business has website a (www.garnishinteriors.co.uk) although it currently doesn't offer an online ordering facility, which is something that could also be introduced, if desired.
Stock is estimated to be in the region of £7,000, but we understand this can be adjusted, if required, between an exchange of contracts and the completion of a sale. A compact easily run business in a desirable sought-after area of Eastbourne that offers lots of potential for a new owner to develop.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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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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