Retail premises for sale in Reading, England, United Kingdom RG8

Business
Please quote reference B06621

CoGoGo is delighted to present to the market The Rhubarb Tree Pangbourne, a charming gift shop business with over 20 years trading history.

This ‘turn-key business opportunity' was purchased by our client 9 years ago and is now being offered for sale due to retirement.

The Rhubarb Tree is a perfect example of a ‘lifestyle’ changing business with many loyal local customers as well those who regularly visit the village looking for something different.

The charming gift shop is warm and friendly with lots of gift ideas to choose from as well as cards, greeting cards, jewellery, celebration balloons, toys, seasonal lines and confectionery.

The store offers the following range -

• Balloons


• Greeting cards


• Belgian chocolates


• Christmas decorations


• Cog clocks


• Jewellery, scarfs


• Diffusers and candles, fragrance oils


• Home & Garden gifts


• Vases, thermal bottles, mugs, jugs, umbrellas

We are advised the majority of the sales are derived from walk in customers however the business website also offers online purchasing.

Currently the top selling lines are -

• Greeting cards


• Home & Garden


• Candles


• Balloons


• Seasonal gifts

The Rhubarb Tree are exclusive stockists of the renowned 'Stone the Crows’, 'Gisela Graham' & 'Jellycat' brands who supply homeware, home accessories & gifting.

Our client currently advertises on the following platforms -

• Own website


• Facebook


• Twitter


• Instagram

Very rarely do businesses of this type or location come on to the open market and we therefore recommend very early viewing to avoid disappointment. As you can see from the business photos attached, our client has created a very well presented shopping environment which changes season to season.

In line with other very good shops, knowing what suppliers work is key to the success of the business. Our client advises having the right stock in for key seasonal dates such as Xmas, Mother’s Day, Easter and Valentines attracts a significant increase in footfall.

All of the supplier details will be handed over to any new buyer.

Key selling points -

• Very desirable area


• Excellent supplier relationships


• Very loyal customer base


• Excellent rental terms


• Full business handover offered


• Opportunity to grow the online sales


• Priced to sell

Location
The Rhubarb Tree occupies a desirable trading position on the High Street within the heart of Pangbourne, Reading.

The business is surrounded by a good selection of both independent retailers including an interior shop, a barbers, flooring shop, wine shop, estate agents, travel agency and hairdressers as well as key high street brands such as the Co-op.

Pangbourne is a large village and civil parish on the River Thames set within the picturesque county of Berkshire. It is located just 6 miles west of Reading which can be easily accessed via the A329.

There are several pay and display car parks within walking distance including Station Road car park which is located around the corner.

The mainline train station Pangbourne is located just two minutes’ walk from the store.

Premises
Ground floor -

• Retail display area


• Service counter


• Rear stockroom


• Kitchen/staff area


• Toilet facilities

Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is £1,250 per month and has £4,600 rates payable per annum.

Hours
The business hours are -

Monday – 10:00am – 4:00pm
Tuesday – 9:30am – 5:00pm
Wednesday – 9:30am – 5:00pm
Thursday – 9:30am – 5:00pm
Friday – 9:30am – 5:00pm
Saturday – 9:30am – 5:00pm
Sunday - Closed

Staff
We are advised that the business has 2 part-time members of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £50,000, with an adjusted net profit in the region of £10,000. Full financials can be made available upon further request.

Please quote reference B06621