Business for sale:
- Superbly Presented
- Busy Market Town
- Long Established
- Good Sized Premises
- Wide Range of Stocked Items
- Excellent Position
- Very Strong Trading Figures
- Well Regarded Locally
- Plenty of Storage Space
- Genuine Retirement Sale
em&F are pleased to present to the market this superbly appointed, long established and well regarded card and gift shop situated in an ideal spot in the pedestrianised area of the market town of St. Ives.
With a strong consistent turnover and healthy profit margins this is an excellent opportunity for someone new to take over the reins and continue to reap the success and benefits that the current owners have enjoyed over the past 19 years.
If you are looking for a solid performing retail business which has been one of the mainstays of the local community for many years then this could be just the right fit for you.The business itself
Being well positioned the business has been producing a constant level of turnover in the region of 270k, generating a reconstructed net profit of 62k (1st April 2018 to 31st March 2019), with the good level of profit margins one would expect of a business such as this.
Stocking an extensive range of cards for all occasions and from suppliers such as Woodmansterne, clients can be assured of being able to find exactly the card they are after every time, meaning this will be the first place they look when a card is needed.
In addition the business stocks a large range of gifts for all events and needs from children's birthdays to weddings and christenings, with a good selection of accessories including wrapping paper, gift bags and balloons. There are also additional items available such as ladies scarfs, bags and jewellery as well as books and home ornaments.
The business provides a large selection of confectionery products and is well known for its range of delicious ice-creams which are a particular big seller in the warmer months of the year.Accommodationall measurements are approximate and for guidance only.
The sizeable premises have an attractive glazed frontage under canopy which tempts customers in and also provides an ice cream service point to capture passing trade. Internally the main retail area measures in total approximately 115 sq m / 1200 sq ft offering plenty of room to display the full range of stock available.
Fitted out to a very high standard and in our opinion needing no upgrading there is an extensive range of quality fittings and display units from central and wall fitted card shelving, freestanding carousels, and glass cabinets for gifts. The large service counter has two till points, a glass chocolate servery with further shelving behind and ice cream service point with freezer below. The premises are very well lit, with two air conditioning units and quality flooring which all appear to be in very good condition.
Through a secure door the back of store area is again of a good size and provides an office with room for a desk and filing cabinet with additional work surface and shelving with domed roof light above. Continuing through is a storage area with built in racking and a kitchenette area with sink and water heater. In a separate room off is a dedicated cold store for the stock of chocolates with fitted shelving and air conditioning unit which regulates the temperature within. Further on into the now enclosed outside store there is additional space for storage racking and back up freezers for the ice creams. A further room off this area again provides more room for racking and freezers. Through this room you will also find the staff toilet and washroom. There is also additional useful storage space on the first floor of the building which is accessed separately via the rear of the property. There is certainly not a lack of space with this property!Further informationour reference
Monday to Saturday - 9:00 am to 5:15 pm.
Sunday - 10:00 am to 5:00 pm (Summer), 10.00am to 4:00 pm (Winter).Tenure
Leasehold. We understand that there is six years remaining on the existing 10 year lease. The sale will include the assignment of the lease or if the buyer prefers for a new lease to be granted then the vendor will enter into a deed of surrender of the existing lease, all subject to the landlords consent.
Purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or grant of new lease.Rates payable
7,037 per annum.
This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.Rent payable
21,750 per annum.Viewing
Strictly by appointment only, please call our Norwich Office on to make an appointment.Finance
Finance may be available to suitable purchasers.Business to sell?
Let us know as soon as possible! Just ask for a free no obligation valuation and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.Premier marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a free no obligation marketing appraisal of your business.1. Money laundering regulations:
Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.2. General:
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.3. Measurements:
These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.4. Services:
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.