Gift Shops for sale in Watton

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Rare And Exciting Gift Shop (Offers Invited)

Watton, Norfolk, England

  • Leasehold Price: £29,999  Price Reduced arrow_drop_down
  • Turnover: £135,516
  • Gross Profit: £65,175
Seller Reference: B04757
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Business Description
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Seller Reference: B04757
Request Details
Business Description
Please Quote Reference B04757

Hilton Smythe welcomes to the market Amys which has been in the same location since the 1980’s and in our client’s ownership since 2005.

Our client is now looking forward to retirement.

Amys is an established card and gift shop, selling jewellery, watches, childrens books, gift stationery, quality chocolates and much more, including party ware. 

They are stockists for Carte Blanche, Wrendale, Byzantium & many more main card & gift companies.  

Amys are lotto agents and agents for dry cleaners & shoe repairers. They also replace watch batteries. 

Amys has many returning customers from the town and local villages and operates on word of mouth advertising as it does not have a website or social media page, however, Amys does have 5* reviews on Google.

Because of this there is scope for development by considering the following:-

• Creation of a website
• Creation of a social media page
• Addition of new lines

There are many reasons to buy Amys including

• Prominent high street position
• Huge potential to increase turnover

Hilton Smythe highly advise early viewing to avoid disappointment.

Amys is located in Watton, Norfolk, on a busy parade on the main road through the centre of town which brings in a high footfall.

There is free parking directly outside the shop. Also there are three free car parks within the town plus a disabled parking bay directly outside the shop. There are also two staff parking spaces to the rear of the building.

The business benefits from a bus stop directly outside which creates high number of footfall.

Watton is located on the main A1075 Dereham to Thetford Road and has a population of circa 7,200 as per the 2011 census, although the town has grown since then.

There are many neighbouring villages that the town serves along with workers who come to the area.

Amys is situated within a two-storey building on the High Street in Watton.

To the front of the shop is an area on the footpath for display boards.

On entering the shop there is a lottery counter, 6 shelf gift stand, poster stand, cold drinks fridge and a double-sided stand for gifts and photo frames etc. there are also 4 glass displays within this area displaying jewellery and much more.

The main counter is half way down the shop on the right-hand side and has two tills, scales for the traditional confectionery, confectionery stand to the front of the counter, tobacco gantry behind and 5 shelves for the traditional sweets.

The rear of the shop is made up of numerous cards stands and wall hangings for gift wrap and gift bags etc.

From the main shop is three doors, one to the kitchen, another to the rear store area and another which leads to the first floor.

Kitchen has fitted units and sink and doors to the two separate staff toilets.
Rear store area has access to the goods lift multiple racking, stairs to the mezzanine level for further storage and large doors to the rear delivery access area.

To the rear of this area are two staff parking spaces.

We are advised the business is being sold as a Leasehold business opportunity.

The original Lease was for 15 years and expires in June 2020, new lease/freehold to be agreed with landlord.

We have been informed by our client that the business rates are currently £1,043.37 per annum.

Monday to Saturday 9am till 5pm
Sunday Closed

The business is run and managed by our client, with the help of a full-time member of staff, who will be looking to retire when our client sells.

Financial Profile
Amys generated an advised turnover of £135,516 as of the 2018 accounts, with a gross profit of £65,175, a net profit of £ 12,534 and an adjusted net profit of £19,203.

2017 had a turnover of £151,661, a gross profit of £70,214, a net profit of £13,684 and an adjusted net profit of £20,354.

The assets being sold with the business are conservatively worth in the region of £5,000.

The shop averages £13,000 a year commission from the National Lottery.

For further information quote reference number B04757

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