Ref 7066 – Leasehold Card & Gift Shop
Blacks Brokers are pleased to bring to the market this leasehold card and gift shop located in Prestwich, Greater Manchester.
Gifty was established by our client in this affluent area of Prestwich in 2014. It is a high end, luxury card and gift store with a range luxury cards and exclusivity on many high end brands. The business is well established and boast a regular, repeat customer base with around 85% repeat customers and there is a steady footfall from the surrounding suburban residential area. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Gifty has a strong social media following.
Gifty occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Lloyds Pharmacy and Tesco Express. This area is one of the most desirable areas of North Manchester/Bury. The area is well linked by the M60 with very strong public transport links and parking is available immediately outside the shop.
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, 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.
The building is available on a Full Repair and Insure lease (Fri), this is the most common form of commercial lease. The current lease is a three year lease at a cost of £185 per week.
The business operates with our client in full time employment with the support on one casual member of staff during peak times.
Gifty has traded solidly since opening and our client has established a strong repeat customer base. Full financial information is available upon request.
The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This popular and well established business occupies an enviable trading position in an affluent area of Prestwich. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new products and longer opening hours, possibly a new online presence and a strong marketing drive. 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: £35,000.
Please quote ref: 7066