EXCLUSIVE GIFT SHOP IN BRISTOL
Price:
Leasehold - £65,000
Location:
Somerset , Bristol
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 with a net profit of £28,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner is occupied with other businesses.
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this exclusive gift shop which has been established since 1992. The business has been in the hands of the current owners since 2005 and they now wish to sell due to other business interests.
Services
This very good business opportunity provides alternative and ethnic arts and crafts with an exclusive, diverse and wide range of goods from Africa. Incense burners and aroma therapy products.
Staffing
The concern employs no staff making this a great business opportunity for first time buyers to run as a family or partnership.
Owners Role
The owners’ role is hands on and they work six days per week during the summer and five days per week during the winter.
Marketing
The owner is currently not implementing any marketing activities and the business does not have a website.
Competition
As far as competition is concerned there is none in Bristol as this concern markets an exclusive range of products
Market
The client base consists of the local population but also has regular customers visiting from all over the West Country and South Wales.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Attending craft fairs, markets and festivals all over the country.
• Increasing the product line to include crafts from Asia and Latin America.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops with a prominent corner position. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a large store room with an additional storage area in a good sized basement. There are a toilet and staff facilities and a fully equipped kitchen.
External
To the rear there is a small yard with a parking space that will accommodate a large van.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £2,000.
Financial Details
The present turnover is £120,000 per year with a net profit of £18,000. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
- Situated in the St. Paul’s area of Bristol in Avon
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Industrial estates nearby
- Surrounded by a densely populated residential area with schools and other local amenities.
- Local population consists of people of diverse and multicultural origins
- Area offers exceptional lifestyle
- Very good tourist trade
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with the A4032, A4320, A420 and A38 with good railway links.
The original length of the lease was five years with one year remaining. The rent is £18,000 pa with a review in 2011. The lease may be renewable or negotiable for longer term if required. The rates are £TBC.
Monday to Saturday: 10.30am to 6pm
Sunday: Closed
North Yorkshire
£ 750,000
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