Craft Shops for sale in Wigston

View the "Spacious Stationers, Hobby and Crafts Retailer" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Imran Ahmed (Nov 2014)
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Leasehold Price: £79,999 Price Reduced Turnover: £161,218 Gross Profit: £28,420
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Business Description
BUSINESS
Hilton Smythe welcomes to the market M & A Stationers.  The business was originally founded by our client in 2006 and has seen year on year growth to the successful business it is today.

Revenue is derived from the retail of stationery, arts and crafts, knitting and stitching products, wools, haberdashery items and other complementary accessories.  According to accounts year ending December 2014, the business reports a turnover in the region of £161,200 per annum with a gross profit at circa 17%.

The shop is very well supported by local residents seeing much repeat business.  The store is spacious and holds a vast and varied range of products with well-known brands such as Winsor and Newton.  The business benefits from a vast amount of storage space allowing for ample stock to be held supporting the sales from the interactive website www.mandastationers.co.uk and Ebay shop. Our clients have now also started to sell on Amazon and have received an increase in sales by 20%.

Our client has seen a recent rapid growth from knitting wool sales and accessories an area a new owner could further explore to further this revenue stream.  Perhaps, by advertising and marketing via social media.

This is a lovely business which is well established but still has room for growth and genuinely comes the market due to our clients other business interests.

LOCATION
M & A Stationers is located in the bustling town centre of Wigston, Leicestershire.

The business is ideally located in a pedestrianised shopping area, close to the main high street and surrounded by a plethora of retail outlets, supermarkets and town centre amenities ensuring excellent footfall throughout the day.

Wigston is around 5 miles from Leicester connected by the A5199.  The area has excellent public transport links with its own railway station and network of bus services running throughout the town and out to neighbouring towns and villages.

PREMISES
End parade premise briefly comprising:-

Ground

Large window display frontage with double door entrance,

Shop counter with 1 x till, display racking behind counter.

Shop area divided into 2 areas (formerly 2 x shops)

Section 1 is stationery supplies, arts and crafts with perimeter racking, shelving and display units for paper, paints (oils, acrylics and watercolours) craft accessories.

Section 2 is hobbies area with central display aisle, perimeter shelving, racking and display units for wools, buttons, threads, craft ribbons.

 

Rear of shop access to stairs

Rear exit door

First

Split landing with w/c

3 x Storage rooms – fully racked & shelved

Kitchen

Second

2 x additional storage rooms

Security shutters to frontage

Space at front of shop for additional display stands

Rear yard area with brick outbuilding (needs attention to roof).

TENURE
We are advised leasehold on a rolling lease arrangement.

Rent is £8,520 per annum.

HOURS
The business opens:-

Monday to Saturday 9.30am – 5.30pm

Sunday closed.

Ebay on-line sales 24/7

STAFF
The business is owner run and managed with the assistance of 1 part time member of staff.

FINANCIAL PROFILE
According to accounts year ending December 2014, the business reports a turnover in the region of £161,200 per annum with a gross profit at circa 17%.



Tenure: Leasehold

Listed by: Hilton Smythe
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