Greeting Cards/Balloons/Gifts and Traditional Sweets Shop Located In Solihull
The respected retail business is Located in the affluent Borough of Solihull. Set back just off a busy main through road and positioned between Boots Pharmacy and One Stop Convenience Store. The parade is prominent, highly visible and surrounded by other complementary retailers and 2 nearby schools, which bring with it a high level of footfall and passing trade. The property benefits from, ample, free parking for customers, a surrounding area densely populated with residential properties. And easy access to Solihull Town Centre, Birmingham City Centre, Birmingham Airport and all major Motoringway networks.
Asking Price: £19,950 plus sav (Estimate £17,000)
Turnover: £83,392 net of VAT pa
gp: £50,806 (61%)
Net Profit: £35,503 pa
Veritas Business Sales are delighted to offer for sale this well established and respected Greeting Card and Gift Shop which is located in Solihull. The business has been established since 2010 and has been in the careful hands of the current owners for the past 22 months. Reluctantly the business is now being offered for sale due to demanding family commitments. Since ownership my clients have attentively invested in re-branding, new equipment, fixtures and fittings and the website, which are all bought and paid for and included within the sale price, which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Cardfair is owner operated and has an annual turnover of £83,392 and with a gp of £50,806 (61%) and a healthy net profit of £35,503. They retail a fine range of products and services to include, greeting cards, gifts, helium balloons, partyware, wrapping paper, gift bags and tissue paper and are approved suppliers of Yankee Candle and Bomb Cosmetics (Bath bombs and soaps) and East of India Gifts. Since taking over, the owners have added other profitable revenue streams including, traditional loose sweets, slushies (Mr Slush) and pocket money toys. Being situated between 2 schools this has been a very popular addition with the local community. There is other potential to increase trade by maximising the use of social media particularly Twitter and Instagram, extending the opening hours/days, introducing a customer loyalty card scheme, developing the existing WordPress website and include an e-commerce facility and expand into venue decorating/event planning to cater for the ever demanding balloon side of the business.
Reasons to buy
A well established business with many regular customers, low running costs with inexpensive rent and no business rates, further growth potential, ideal owner managed, partnership or husband and wife venture, current owners are happy to offer a handover to ensure the continued success of the business, a real turnkey opportunity with all stock, fixtures and fittings and equipment included, existing business Facebook page with 234 followers @cardfairsolihull, rated 5/5 Google business rating of 5 and the domain name , all included in the sale.
Monday - Friday - 8.30am - 5.30pm
Saturday - 9.00am - 5.00pm
Sunday - Closed
Original term: 5 years (new lease available) Remaining : 12 months Rent: £6,600 plus vat pa Rates: Zero
Retail comprising: Sales counter with cash register (Sharp), electronic weighing scales, balloon duplicator with valve attachments (Conway), ultraviolet bank note checker, dual tank slush machine, Yankee candle display cabinet, Bomb cosmetic bath bomb stand and candle/soap stand, slat wall and accessories, oak effect wooden flooring, card display shelving and racks, display cabinets, carousels, spinners and acrylics, wall mounted traditional sweet display shelves and jars.
Kitchen comprising: Sink with hot water heater, storage shelving and worktop, kettle, microwave, fridge and toaster. Staircase laid to carpet with ample shelving for easily accessible additional storage.
Store room with storage racking.
W/C (newly installed close coupled toilet)
Small store room with wash basin.
Additional Features: The property benefits from front electric roller shutters, intruder alarm with panic button,
CCTV (4 internal camera system, suspended ceiling with concealed spotlights and perimeter colour-changeable LED ambient lighting, DAB Radio.
This is a superb opportunity to purchase an established business and is likely to attract considerable interest,
We highly advise early viewing to avoid disappointment.