Gift Shops for sale in Farnborough

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Traditional Sweet Shop in Hampshire

Farnborough, Hampshire, England

  • Leasehold Price: £100,000
  • Annual Net Profit: £30,325
Seller Reference: R07894
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: R07894
Request Details
Business Description
This is a tantalising opportunity to acquire a traditional sweet shop in an ideal location in the town of Farnborough, Hampshire which is very well-known locally and has traded profitably every year it has operated.

The shop is part of the popular Mr Simms Traditional Sweet franchise and offers a mouth-watering range of sweets and chocolates, such as fudges, truffles, pick n mix, liquorice, American sweets, wrapped sweets, and old favourites including cables, mini eggs, lollies, mallows, and gobstoppers. Its range includes a wide variety of sweets suitable for diabetics. Additionally, it is currently retailing Snowshock Slush which has proven very popular with children and highly profitable. From April to September it also sells the renowned New Forest Ice cream in cones.

The premises have a new 5-year lease, with the first 18 months at a rate of £18,500 per annum, reduced from the original £22,000 + vat per annum. If the 18-month break clause is not actioned, the new owner will further benefit from having 3 months rent-free from months 19 to 21. From month 22, the rent will be £20,500 + vat per annum throughout the remainder of the lease.

Additionally, the franchise agreement is coming to an end in 2021. The franchise owner is willing to extend the agreement for the new owner, but alternatively the buyer can rebrand and use the existing structure.

The shop is presently operated by two full-time and two part-time staff, including the owner. It has implemented a successful click and collect service throughout the Covid-19 pandemic restrictions to maintain its revenue.

Well-equipped premises
Equipment included in asking price
Friendly, professional team
Extensive variety of products sold
Strong supplier relationships
Number of employees:
1
Tenure:
Leasehold
Listed by:
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