Craft Shops for sale in Chester

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Popular Retro Sweets, Arts & Crafts Shop - Chester

Chester, Cheshire, England

  • Leasehold Price: £59,995  Price Reduced arrow_drop_down
  • Annual Turnover: £107,470
  • Annual Gross Profit: £73,730
  • Annual Net Profit: £19,524
Seller Reference: 7235
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Business Description
 
 
 
 
 
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Seller Reference: 7235
Request Details
Business Description
Prominent Main Road Position
Accounts Available Year End 31st March 2019
Annual Turnover £107,470
Gross Profit £73,730
Accounts Available After Viewing
Franchise Sale Only
Strong Social Media Following
Fantastic Online Reviews
EPC - D
Blacks Brokers are pleased to bring to the market this sweet shop and party venue located in Hoole, Chester.

INTRODUCTION

Spavens has been trading from this beautiful building since 2017 when our client opened the business. The Spavnes franchise has been operating in the area for many years and specialises in retro sweets with craft paintings and children’s parties. The business also sells coffees, pancakes, slushes, candy floss, popcorn and fudge. The brand has an exceptional reputation in the area and this store produces good levels of profit and high turnover since it first opened in 2017. The business has a strong social media following on Facebook.

LOCATION

The business is located on the Main Hoole Road A56 at the top of Faulkner Street. The shop is surrounded by free car parks and is only a ten minute walk from Chester City centre.

REASON FOR SALE

This opportunity has become available due to our client’s other business commitments and therefore the business has been placed on the open market at this appealing price point.

LEASE

The unit is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current lease is on a ten year term which commenced in 2017. The lease has a five year break clause with a five year rent review. The current rent is £308 per week.

BUILDING LAYOUT AND DESIGN

The lease covers the entire two storey building. The exterior delivers a flawless first impression and once inside the layout and design of the store is exceptional. The main door leads into the shop and there is a seating area for twenty five. There is a large counter behind the main shop with a disabled toilet and baby changing facilities. There is an open kitchen to the rear of the building. On the first floor there are two large children’s party rooms and pottery painting rooms, toilet facilities and a staff room with a kitchen area. The cellar area is currently used for storage. The unit is 100% commercial. There are electric roller shutters to the front windows and a metal security door on the rear. The building is centrally heating and also has air conditioning.

STAFF

The three company directors all work in the business part time and they are supported by twelve part time staff on zero hour contracts that work on an ad-hoc basis. These additional staff are utilised when children’s parties are booked.

FINANCIAL DETAILS

The business has traded strongly since it first traded and according to the latest set of accounts Y/E 3103/2019 turnover is at £107,470 with a gross profit of £73,730 provided a pre-tax unadjusted net profit of £19,524.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief.

SUMMARY

Since 2008 the business has traded steadily and is well known in the surrounding areas and the building has become a landmark building due to its striking signage and strong brand identity. Fitted to an exceptional standard and already securing excellent online reviews as well as an enviable reputation the business would ideally suit a hands one owner operator them who could continue building the trade and look to enjoy the potential trading opportunities that are available such as expanding the range of products sold and extending the opening hours.

Early viewings are advised to avoid disappointment. Fixtures:
Shelving

Racking

Counters

Coffee Machine

Candy Floss Machine

Pottery Kiln

Ice Cream Freezer

Pancake Machine x 2

Dishwasher

Fridge

Chest Freezer

Epos Till System

Weighing Scales x 2

Bespoke Sweet Cart
Trading hours:
MON: CLOSED
TUE - FRI: 10:00 - 17:00
SAT: 10:00 - 18:00
SUN: 10:00 - 16:00
Opens Some Evenings For Private Parties & Children's Groups
Tenure:
Leasehold
Location Details:
Chester
Leasehold Term:
£308 Per Week
Listed by:
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