Retail premises for sale in Card & Gift Shop, Ipswich IP7

A fantastically presented business, which has been brought to market with a genuine reason for sale due to our client's retirement. The business has built up a fantastic reputation over our client's period of ownership, with a loyal and regular client base supported by a 5* Google review. The business offers a wide range of different products for sale including but not limited to cards, frames, candles, nordic lights, bags, mugs, pillows, soft toys, jewellery, Christmas decorations, glassware and fashion accessories to name just some of the products offered. Our clients have established a good turnover, but the business still leaves massive scope to increase that greatly by extending the trading days / times, as our client closes the business on Mondays and Sundays. There is further scope to increase the turnover by utilising the first floor area all year round, as our client only utilises that space for the festive Christmas season. Cost of Stock to be paid on Completion. Viewing recommended. Our ref: RX276571 N6753S

Location

The business trades from a prominent position within the main High Street of this popular south Suffolk market town, benefitting from enviable levels of footfall, vehicular passing trade and a densely populated surrounding residential community. The premises is surrounded by various other business types, including a butchers, beauty salon, post office and various eateries to name a few

Tenure

New lease available for a term to be agreed with our client's current rent payable at £19,500 per annum exclusive

Premises

A terraced retail shop with fascia board, glazed frontage and part-glazed single entrance door leading into the premises which measures approximately 1,463 sq. Ft. And is arranged as follows:

Main Sales Area

With feature beams, spotlighting and wood flooring. To the left-hand side of the front area are various product shelving, window display, table and cabinet displays. To the right-hand side of the frontage are various display cabinets and a window display. To the right-hand side around the middle of the main sales area is the serve-over counter, behind which is display shelving with spotlighting and till system. At the rear right-hand side of the main sales area are card display stands fixed to wall and a rotating card display stand. There are various other display cabinets around the rear of this area. A door at the rear of the main sales area leads into a cellar store

First Floor Area

There is a staircase at the rear of the main sales area which leads up to a first floor area which is currently utilised just in the festive Christmas period. There are various rooms off this area, namely 2 sales areas, together with a store room and a kitchen

Staff & Trading Hours

The business is run by the vendor with the assistance of various members of staff. Tuesday to Saturday 9 am to 5 pm. Closed Monday and Sunday

Turnover

Year end 31st March 2023 accounts confirm net sales of £119,864 with full financial information available to seriously interested applicants following a viewing of the business

Business Rates

The premises is subject to a rateable value of £10,000 resulting in zero business rates payable, should small business rate relief apply to a purchaser

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser