Hilton Smythe welcomes to the market, Carabou.
The business is being marketed at £49,950 +sav.
Carabou was founded approximately 15 years ago and the current owners have run it successfully and lucratively for the last ten years or so.
The business has been a real labour of love for them and it has flourished under their ownership, alas however the time has come to sell, albeit reluctantly and with a heavy heart only so that they can pursue a change of direction which will allow them to spend more time with their families.
They are keen to see their much-loved business pass to an ambitious and entrepreneurial new owner.
Carabou is a gift shop and event planning and decorating business.
The gift shop is stacked to the rafters with interesting and well-priced products such as;
• Greeting cards
• Wrapping papers and gift bags
• Yankee candles
• Lamp fragrances
• Soft toys
• Baby and christening gifts
• Children’s dressing gowns and slippers
• Money boxes
• Mugs and coasters
• Floral displays
• Photo frames
Additionally, the business offers a venue dressing services for events such as weddings, engagement parties, corporate events and christenings offering products and services such as
• Balloon decorations
• Centrepiece hire
• Starlight backdrop and skirts
• Candy cart
• Vintage replica post box
• Table plans
• Easel hire
• Gifts for all occasions.
Carabou also offer unique and exciting personalised gifts via their online store.
The sale of Carabou will include the business website (Carabou ) and Facebook page and the business has brilliant visibility on the internet.
Reasons to Buy
1. A well-established business with an enviable reputation and many existing customers
2. Perfect trading position at a busy Tesco Superstore
3. Low running costs with inexpensive rent and no business rates
4. Current owners happy to offer a handover to ensure the continued success
5. Ideal owner managed or husband and wife
6. Good bolt on for an existing wedding business
7. Everything included in sale making this a real Turnkey opportunity.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Carabou is located in Cannock in Staffordshire.
Cannock as of the 2011 census has a population of 29,018 and is the most populous of the three towns in the district of Cannock Chase. Cannock lies to the North of the West Midlands Conurbation on the M6, A34 and A5 roads and to the south of Cannock Chase, an Area of Outstanding Natural Beauty.
Cannock is served by a railway station on the Chase Line. The town’s main bus operator is Arriva Midlands who operate the majority of services to and from Cannock bus station.
Carabou is ideally Located in a shopping parade alongside other complimentary retail businesses at the Tesco Superstore in Cannock and thus benefits from really high levels of footfall and passing trade.
The business is beautifully presented and maintained with clear visible signage and distinctive, upmarket livery.
There are masses of free parking immediately outside the premises in the Tesco carpark.Premises
The business occupies the ground floor of a purpose built, mid terraced shop unit and briefly comprises;
Generously proportioned and cleverly designed to maximise the space available, security shutter to front, windows and glazed door to front creating a light airy and inviting interior, lovely upmarket shop, perimeter shelving, freestanding shelving displays, greeting card racking, wrapping paper dispenser, bespoke counter with till, Card Machine and wrapping area and 6 camera CCTV system.
To the rear of the main shop is a generous workroom with tiled floor, work stations and perimeter shelving. There is a kitchenette with stainless steel sink and drainer and room for fridge etc
With close coupled toilet, hand wash basin and a window to the rear
A generous stockroom with Dexion type shelving and floor storage space
With perimeter shelving
Secure Store Room
With steel cage and fluorescent lighting.Tenure
We are advised that that the business is being sold as a leasehold business opportunity, the existing 5-year lease has approximately 2 years remaining, and the rent is an extremely reasonable £17,400 Per Annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
We are advised that the business benefits from being exempt from from business rates.Hours
Monday to Friday 9.30- 5.30
The business is run and managed by our two clients with the help of 4 part time members of staff.Financial Profile
Carabou generated an advised turnover of circa £195,000 as of the 2016 accounts with a gross profit of approximately 48%.