Business For Sale.
Greetings Card and Gift Shop situated in the picturesque riverside town of Tenbury Wells on the Worcestershire/Shropshire border, in a sought after position in the High Street
Situation: This Greetings Card and Gift Shop is situated in a picturesque riverside town on the Worcestershire/Shropshire border, in a sought after position on the High Street, which hosts on the commercial side a bank, a Chartered Surveyors, three public houses, a pharmacy, a cinema, dentists, optician and insurance agent.
The retail sector includes a newsagent, pet shops, confectionery shop, three cafes, hardware stores, electrical goods retailer, jewellers, ladies beauty salon, a vegetable shop, a fish shop, ladies and men's hairdressers, a recently opened butcher and wet fish outlet and a Spar convenience store.
The post office which was at the far end of the town closed 2 months ago and is now to be re-opened in the Spar shop virtually opposite Nice Things.
The shop has street parking outside and opposite, plus further parking in the Tesco store which opened up some 18 months ago. Further car parking is available to the rear of the Public Library, off Teme Street.
Description: A double fronted, Grade II listed shop with good display windows and pedestrian door off pavement
Accommodation: Front shop - with exposed beams circulating around the sales counter, rear display area extending to 51.6 sq m (555 sq ft)
Rear Lobby - with WC and hand wash basin, small storage area.
Extending to 11.9 sq m (128 sq ft)
EPC: Exempt (as property is listed)
Business: The family run business has been trading for 28 years and has provided a decent living during this time. The reason for sale is for family and health reasons and the business would benefit from a more hands-on approach, presently run by staff but would suit an owner run arrangement.
Competition is minimal with one shop selling greetings cards and another selling gifts.
Accounts: The last 3 years Accounts are available if required. Net Sales for the year ended 31st August 2018 were £65,858 gross profit margin 57%
Rent: £6,000 per annum. The landlord would be prepared to grant a new Lease to the business purchaser
Lease Terms: Subject to negotiation, minimum term to apply. Internal repair basis.
N.B Alternatively a Long Leasehold interest (98 year) may be available to purchase for a capital premium, subject to separate negotiations
Stock: Existing stock is excluded from the purchase price but available at cost
Services: Mains Electricity
Mains Water and Drainage
Outgoings: Rateable Value £7,040, which qualifies for Small Business
Rates depending on occupier
Fixtures & Fittings: Those fixtures and fittings associated with the business will be included in the sale price. An inventory is available on request
Business Hours: Monday to Friday 9am - 5pm
Saturday 9am - 4pm
Sunday - Closed
Directions: Cross Teme Bridge into the Town Centre, the shop is equidistant between the tsb Bank and the Regal Cinema
on the right hand side
Further Information: /
Viewings: Viewings of the premises are strictly by appointment with Franklin Gallimore.
No prospective purchaser is to make any enquiries at the premises wothout prior agreement of Franklin Gallimore