Hilton Smythe welcomes Gem Cards to the market.
This family run card and gift shop has been owned by our clients since 2012, but the shop has been established in Strood for over 30 years.
Gem Cards is a well-presented shop in an ideal location selling a large variety of gifts and greeting cards for all occasions such as birthdays, weddings and christenings.
Along with cards and gifts the shop also offers a selection of:
• Gift wrap
• Small Jewellery range
• Birthday and anniversary gifts
• Seasonal teddies
Business is split 80% cards and 20% balloons and gifts, with 12 main cards suppliers all operating on a sale or return basis.
The shop underwent a £5000 refit last year offering a very high standard fit and display equipment.
Scope to Improve
• Advertising and marketing campaign
• Maximise the use of social media
• E-commerce website
• Increase the balloon range
• Offer party planning arrangements
• Children parties
• Corporate event balloon displays etc.
Reasons to buy
• Ideal owner managed or partnership business
• Massive potential savings in staff cost as owner works part time with the help of 3 x part timers
• Offers a real opportunity to increase turnover
• Prime trading position
• Priced to facilitate a quick sale
Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest.Location
Gem Cards is located along the High Street in Rochester, Kent
Rochester is a town within Medway in Kent, about 30 miles from London.
The historic city was for many years the favourite of Charles Dickens, who lived within the diocese at nearby Gads Hill Place, Higham, many of his novels being based on the area.
Gem Cards is located 0.5 miles from Strood train station which operates a Thameslink and Southeastern service calling at stations such as Gravesend, Ebbsfleet and London St Pancras.
Located behind 2 large shopping car parks, 1 for Asda and 1 for very busy Aldi. Both come with 1.5 hours free parking time.Premises
The business occupies the ground floor of a mid-terraced building and briefly comprises;
Windows and glazed door to front creating a light airy interior
This generous store has been cleverly designed to maximise the space available, with the counter to the front of the premises and the products located along the perimeter and the central aisle.
To the rear of the shop is the staff kitchen area and toilet facilities.
A generous stockroom with perimeter shelving and floor storage space.
• Perimeter shelving
• Greeting card racking
• Till system
The business is also secured with shutters.Tenure
We are advised that Gem Cards is being sold as a Leasehold business opportunity, with 2 years remaining from the original 20-year Lease with and annual rent of £19,000.
We are advised that the business rates are currently £8,000 per annumHours
Monday – Saturday: 9.00 am – 5.00 pm
The business is run and managed by our clients along with 3 part-time members of staff.Financial Profile
We are advised that Gem Cards generates an advised current turnover of £120,197 with a gross profit of £84,720