Confectioners for sale in Welling

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Traditional Sweet Shop

Welling, London, England

  • Leasehold Price: £29,995
  • Turnover: £35,000
Seller Reference: B05194
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Business Description
 
 
 
 
 
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Seller Reference: B05194
Request Details
Business Description
Business

Hilton Smythe are delighted to present to the market Shaw Sweets, a much loved traditional community sweet shop established in 2016. The business is now offered for sale due to ill health however a full business handover will be offered to any new buyer.


The business offers a range of loose sweets and American favourites not available in supermarkets or Newsagents. Our clients have developed a range which includes:



  • Loose boiled Sweets, jelly’s, sours, chocolates and fudge

  • Chocolate bars, kandy bars, lollies, candy sticks

  • American classics, toxic waste range, Hubba bubba

  • Choice of sweet cones, honeycomb bags

  • Candy floss, Kelly's Ice Cream (seasonal)

  • Cold drinks and milkshakes,

  • Seasonal gift choices including the popular ‘sweet trees’


The business attracts a very local customer base including local families, school children, grandparents and local business people. Majority of the business is walk in sales however our client also rents out a fully stocked vintage sweet trolley for weddings, birthday parties, christenings etc.  She also takes part in the Woodfall Fayre which takes place every year.


As the business is run to suit our client, we believe any new buyer could easily double the current turnover levels by adopting any of the below:



  1. Increasing the outside sweet trolley hire

  2. Offering sweet boxes of different sizes for Just Eat deliveries

  3. Creating a new website with online ordering facility

  4. Increasing the seasonal gifts especially at Christmas and Easter

  5. Attending more local events including fundraising events and activity events

  6. Opening Sundays

  7. Increasing the milkshake menu 

  8. Add a hot drinks menu including bean to cup coffees


The business is been priced very reasonable to gain a quick sale and we therefore recommend early viewing to avoid disappointment



Location

Shaw Sweets occupies a highly visible trading position near the busy junction of Welling High Street and Upper Wickham Lane in Welling.


The busy High Street offers an excellent choice of independent retailers, cafes and bars, High Street Banks and Building societies, estate agents, hair salons and takeaways. The shop also faces a busy Morrisons store which comes with a large customer car park directly behind.


There are 2 popular schools nearby - Hook Lane primary, St. Stephen’s catholic primary, Bexley grammar school and Welling secondary school.


Welling is an area of south - east London located within the London Borough of Bexley and Kent, approximately 10 miles southeast of Charing across.


Nearest mainline station is Welling.


There is a busy main bus stop directly outside

Premises

Ground floor - 2 x large window displays which include display shelving to the left hand window space and the sweet trolley to the right hand window space.


Right - bespoke shelving units for all the wrapped ranges


Left - bespoke shelving units for all the loose sweet jars


Middle - full length counter with storage, till and electronic scales, coffee, milkshake blenders, ice cream freezer


Rear storeroom / office - includes large storage facilities, ice cream display freezer, candle Floors machine.


2nd Storeroom / kitchen area - loose sweet storage shelving, sink unit , storage cupboards, coffee machine, microwave.


Staff toilet


External - staff parking space



Tenure

We are advised the business is being sold as a Leasehold with 7 years remaining on a 10 year renewable lease paying just £13,500 per year. The business benefits from full small business relief paying 0 rates in the current year.



Hours

MONDAY TO FRIDAY – 9am to 5.30pm
SATURDAY - 9am to 5pm
SUNDAY - closed



Staff

Run and managed by our client with some part time help at the weekend



Financial Profile

The business enjoyed a Turnover in 2018 of £35,000 with adjusted net profit of £10,000.
SAV is in the region of £3,000.



Tenure:
Leasehold
Listed by:
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