Retail premises for sale in Foregate Street, Chester CH1

£39,995
Interested in this property? Call +44 161 937 5978 * or Request Details

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Retail premises for sale
Tenure: Not available Council tax band: Not available

Property description

Ref 7685 – Leasehold Gift Shop
Blacks Brokers are pleased to bring to the market this leasehold gift shop located in Chester, Cheshire.


Introduction


Lee Louise Ltd was established by our client in this affluent and busy area of Chester centre in 1978. The business offers a wide range of beautiful gift ideas including clothes, bags & accessories, jewellery, crystals, incense, homewares and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Lee Louise Ltd has a comprehensive website with e-commerce in place and a strong social media presence.


Location


Lee Louise Ltd 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 Primark, Boots and Holland & Barrett. There are also a number of car parks and other local amenities nearby. The area is well linked by the A55 and M56 with very strong public transport links and parking is available in the surrounding area.


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 and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a rolling monthly agreement which runs at a cost of £461 per week.


Staff


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


Financial details


Lee Louise Ltd has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has an annual turnover of £58,035 with gross profit of £15,580, please note this year has been affected by covid. Full financial information is available upon request.


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 long established business occupies an enviable trading position in a bustling and highly sought after area of Chester. 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 product lines and longer opening hours to include late nights. A new owner may also look to develop a strong marketing strategy to expand the ecommerce side of the business further. 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: £39,995.

Please quote ref: 7685

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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