Hilton Smythe welcomes to the market, this popular community newsagents/card shop in this sought-after area of Kingswood, Bristol, adjacent to the busy Kings Chase Shopping Centre.
The shop has been run by the current owners for 18 years and has been trading since the 1940’s so is exceptionally well established in the area. They are now looking towards a very well-earned retirement.
The business comes with easily managed premises, in a great location, with heavy commercial and residential footfall.
They currently turnover around £330,000 per annum, which has dropped over the last couple of years due to the owners impending retirement, however it would be very easy to revitalise the shop to its former level.
Within the shop the main takings come from the lottery, £1,000 per week, news £1,000 per week, card sales £1,000 per week, tobacco £2500 per week, confectionary £800 per week and drinks £500 per week. They also sell a range of gifts, which do well and needs expanding by the new owners. They used to sell Yankee Candles, which we believe did very well.
It would be easy to take the shop to the next level with additional products, paper delivery, advertising on social media or increasing the opening hours into the evening.
There is an inventory of fixtures and fittings included within the sale and viewing is a must to appreciate the space and potential on offer.Location
World Of Cards is situated in Kingswood, Bristol, adjacent to the Kings Chase Shopping Centre in a very busy commercial and residential area.
Kingswood is a town in South Gloucestershire, England, on the eastern border of the City of Bristol.
The suburb is situated 3.4 miles east-northeast of Bristol City Centre and 102 miles from London.
The population in the 2011 census was 40,730. Easy access is gained to all surrounding areas via the M32, M4 and M5 motorways.Premises
An easily managed but very good-sized premises covering approximately 161 sqm.
There is the main shop area on the ground floor with counter and till, small office, store room, further smaller storage area and WC.
On the first floor you have a large storage area, that we understand around 20 years ago had planning permission passed to be completely revamped and extended to make 2 x 2 bed room flats.
The shop comes with equipment to include a range of shelving and racking, cigarette gantry, counter and till, drinks chiller, glass display cabinets, CCTV with 14 cameras, an alarm system and more.
The property also comes with an enclosed rear garden and allocated parking for 2 vehicles.
An internal inspection is highly recommended to appreciate what’s on offer.Tenure
We are advised that the business is being sold as a freehold or leasehold opportunity. If it was a leasehold opportunity the rent payable would be £21,000 per annum with a lease term to be agreed.
The leasehold asking price would be £69,950 plus stock at valuation.Hours
Monday 5:00 a.m. to 5:00 p.m.
Tuesday 5:00 a.m. to 5:00 p.m.
Wednesday 5:00 a.m. to 5:00 p.m.
Thursday 5:00 a.m. to 5:00 p.m.
Friday 5:00 a.m. to 5:00 p.m.
Saturday 5:00 a.m. to 5:00 p.m.
Sunday 6:00 a.m. to 12:30 p.m.Staff
The business is currently run by the owners and 4 other members of part time staff.Financial Profile
The accounting information for the year ended 31st July 2016 shows a turnover of £328,424 with a gross profit of £71,669 and a net profit of £30,460.
This figure has reduced in the last couple of years due to the owners impending retirement.
According to the VOA website the current rateable value is £25,000, with yearly rates payable of £11,650 p.a.