Established Since 1992
Annual Turnover £110,000
Gross Profit 57%
High Footfall Location
EPC - DREF 5718 – Leasehold Card & Gift Shop
Blacks Brokers are proud to bring to the market this leasehold card and gift shop located in the much sought-after area of Rochester, Kent. INTRODUCTION
Gem Cards has been trading for over 25 years with our client in ownership since 2012, during that time it has firmly established itself within the local community, gained a large customer base and a superb reputation with much custom from word of mouth and locals.LOCATION
Rochester is a large town and popular historic city in Kent. The business is located on High Street in the Strood area of Rochester, well linked by the M2 and A2 with excellent public transport links, the area is well used and bust year-round. High Street is a busy main road in a bustling area, close to Strood Station and many other shops and businesses. Unrestricted parking is available on a large car park within 100 metres of the shop.REASON FOR SALE
Gem Cards is only being offered for sale due to retirement.LEASE
The building is available on a competitive rent on an Internal Repair Only Lease (IRO lease). The current lease is 7 years and began in 2014 at a cost of £19,000 per annum. BUILDING LAYOUT AND DESIGN
Gem Cards is housed within a beautifully presented, double fronted retail unit with bright, clear signage and attractive window displays. Inside, the main retail area is presented to a high standard and well stocked. Cards are displayed on wall mounted stands around the perimeter of the shop and on a central gondola creating two shopping areas within the shop floor. Balloons are displayed and made up in a specified balloon area at the front of the shop with banners, weights and so on also available.
The first floor houses a stock room, private office, staff toilet and kitchen.
All areas are finished to a high standard and a full inventory is available on request. STAFF
Gem Cards is currently operating with our client in part time employment in addition to 2 part-time staff.FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Gem Cards has traded solidly over its trading history. The business generates an annual turnover of £136,000 with rates payable of £9,500 per annum and rent of £19,000 per annum. Many customers are from the local area as one would expect, with additional trade from passers-by and word of mouth recommendations. SUMMARY
This leasehold business has a long and impressive trading history in place, a large customer base and excellent reputation. There is plenty of scope to develop Gem Cards further with an expansion of product lines and a strong online and social media presence by having competitions for page likes and followers. There is also a successful loyalty scheme in place that can be built on with different rewards. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a similar business or retail chain looking to gain a base in this much sought-after area. Early viewings are strongly advised.
Mon - Sat - 9am - 5pm
Sun - Closed
£365 Per Week