Hilton Smythe welcomes to the market Auntie Pam’s Sweet Shop, a traditional sweet shop located in the heart of Bury St Edmunds on The Traverse, surrounded by many other shops that bring a high footfall to the area. Auntie Pam’s specialises in traditional sweets from jars, along with pick and mix and other firm favourites. It also has a line in American sweets.
Auntie Pam’s Sweet Shop opened for business 11 years ago and is a name that is synonymous with the area. Unfortunately, due to ill health our client is now looking to sell the business. This has meant that our client has not put full time hours in over recent years.
Auntie Pam’s has great reviews on line including 4.6/5 on Google, 4.8/5 on Facebook from 63 reviews and the business is being sold with the website www.auntiepamssweetshop.co.uk
There are many reasons to buy Auntie Pam’s including:
- High footfall area
- Turnkey business
- Reputable name in the area
- Some long standing staff
- Year on year profits
Auntie Pam’s is a profitable business, however, there is scope for development by considering:
- Opening a Christmas market stall
- Opening a stall at the many fundraising events in the area
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Auntie Pam’s Sweet Shop is located in the affluent market town of Bury St. Edmunds, Suffolk.
Bury St Edmunds has great transport links via A14 and via train with links to Cambridge and Ipswich taking you to London. The town has a population of 41,113 as of the 2011 census, this does not include the many surrounding villages.
The town is full of thriving high street chains and independent stores that bring many shoppers to the area. The town is visited throughout the year by people from far and wide who visit the Cathedral, Abbey Gardens, the thriving market that is on Wednesdays and Saturdays, The Christmas market that is reputed to be one of the largest in the country and the East of England Beer Festival which is held annually. This makes any business acquisition in Bury St Edmunds a sound one.Premises
The shop is entered directly off The Traverse and is a child’s/adults delight when it comes to the different sweet on offer.
The shop has many shelves and full of sweets, Coca Cola fridge and CCTV.
The L shaped counter has many sweets above and below with a large pick and mix selection. Behind the counter are rows of shelves full of jarred sweets. There is also the till, card machine and a set of scales.
There is a doorway to the store room with shelves for storage, a further set of scales and a door to the lobby with a door to the rear and a door to the combined kitchen area/WC.Tenure
We are advised the business is being sold as a leasehold business opportunity with a 0 year lease from December 2010. We have been informed by our client that the landlord is flexible about renewing the lease.
There is an annual rent of £11,500
Our clients inform us that they do not pay business rates.Hours
The business opening hours:
Monday - Friday: 9.30am – 5.00pm
Saturday: 9am – 5.00pm
Sunday: 10.30 – 4.00pmStaff
The business is run and managed by our client, with the help of 6 staff.Financial Profile
Auntie Pam’s Sweet Shop generates an advised turnover of circa £130,000 as of the 2018 accounts with a gross profit of circa £65,000 and a net profit of circa £8,000
The assets being sold with the business are worth in the region of £2,000
The average stock level is circa £6,000.