Card and Gift Shop in West Midlands

Price:

Leasehold - £57,950

Turnover:

Seller Ref:

1909

Location:

West Midlands , Selly Oak

Business Type:

Retail businesses

See Other:

Card shops for sale in West Midlands
Gift shops for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

Preferred Commercial is delighted to offer for sale this well-established card and gift shop, which has been in our clients' hands since 2005 and which is only now being placed on the market due to their wish to retire. The business is run at a pace to suit our clients and generates a turnover in the region of £130,000 per annum with a gross profit of 60%, derived from the sale of Hallmark cards, gifts, balloons, Thornton's chocolates and soft toys including brands such as Willow Tree, Forever Friends and Blue Mountains. The premises benefit from two 1-bedroom self-contained flats, which could be used as owners' accommodation or let out to provide additional income. A new owner could increase turnover by introducing a web site with on-line sales facilities and perhaps selling flowers on the forecourt. We feel this represents an ideal opportunity to acquire a thriving cards and gifts store. Early viewing must come highly recommended.

Location Details:

Hallmark Ltd occupies a double fronted retail unit in a busy parade of shops and businesses on the main A38, Bristol Road. The business lies right in the heart of the Selly Oak area and benefits from a high footfall and much passing trade. Bristol Road is a busy dual carriageway and the main route through the area. There is a bus stop directly outside the premises and a railway station close by. Selly Oak is a densely populated residential suburb of Birmingham, which lies approximately 5 miles away. Junction 3 of the M5 motorway lies approximately 4 miles from the business.

Lease Terms:

Leasehold Original length: 15 years Remaining: 10 years Review: every 5 years Rent: £16,000 per annum

Trading Hours:

Mon - Sat: 9.00am - 6.00pm Sun: Closed

Accommodation:

2-storey double fronted retail premises with 2 x self-contained flats above. Briefly comprising: Ground Floor • Main sales and display area fitted to suit trade with carpeted flooring, air conditioning, counter sales area with electronic cash register, balloon and gift bag displays, 10 foot Thornton's chocolate display, window displays including 3 x glass display cabinets, shelving to perimeter walls, calendar display, 16 foot centre aisle card display, 2 x large glass display cabinets, gift bag display, 2-metre gift wrap display, 'World's Greatest' stand, 4 x card spinners, 'Simply the Best' gift stand, 'Me to You' soft toy display • Kitchenette • WC with wash basin • 2 x store rooms • Rear exit door First Floor • Flat 1: lounge, bedroom, kitchen and WC, currently used as storage • Flat 2: lounge, bedroom, kitchen and WC External • Large forecourt to front • Enclosed yard to rear with access to flats.