Retail premises for sale in Allport Road, Bromborough, Wirral CH62

Ref 6873 – Leasehold Designer Gift & Card Boutique
Blacks Brokers are pleased to bring to the market this leasehold designer gift and card boutique located within a busy shopping parade in the Bromborough.

Introduction

The Gift Room was established here by our client in 2013 due to the very busy surrounding area and complimentary neighbouring businesses. The business has become very well known and has a strong base of regular customers in place. Our client has ensured the shop has an excellent reputation and superb reviews are noted on Google and Facebook.

Location

The Gift Room occupies a prominent trading position within a parade of shops. The area is well linked by the M5 and A41 with strong public transport links close by including Bromborough Station and parking is available to the rear of the property for staff and to the front for customers. Neighbouring businesses are mainly independent retailers with some large multiples such as The Coop and Texaco nearby.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client's retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair & Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2017 at a cost of £178 per week.

Staff

The business operates with two members of part time staff in employment supporting our client working on a full time basis.

Financial details

The Gift Room has traded solidly since opening and our client has established a strong customer base. We are advised that the business has annual turnover of £77,578 and gross profits of £40,478. Our client pays £110 per annum to park to the rear of this property.

Business rates

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This is a well established and well known card and gift shop in a prominent trading position close to a number of other businesses, schools and residential properties. There is plenty of scope to develop the business further with the introduction of new product ranges, a new online presence, marketing drive and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business: £9,995.

Please quote ref: 6873