Hilton Smythe are pleased to have been given the opportunity to manage the sale of Hopskotch Limited which is a well established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a gift shop at this site for nearly 20 years, with Hopskotch Limited being established in 2011 and successfully and lucratively managed by our client, during which time the business has flourished with turnover increasing by approximately 10% each year. The business has been a real labour of love but alas the time has come to sell, albeit reluctantly and with a heavy heart only due to their other business interests. The vendor is keen to see her beloved Hopskotch Limited pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Hopskotch Is an independent, family run business that prides itself on its products, friendly and relaxed atmosphere and exceptional customer service. Offering latest trending styles in gifts and greeting cards for all occasions they offer some amazing brands locally through the retail shop and online via their website. They also work with a selection of local Shropshire producers on order to offer something a little different.
Stocking ranges exclusively from Joules, Katie Loxton, Joma Jewellery and Frugi, the business offers a unique collection of gift ideas for family, friends or as a special treat for the shopper such as handbags, pouches, candles, purses and scarves.
The children’s boutique has a well stocked and varied selection of clothing from Joules and Frugi. The business is the only one in the area that offers Christening wear from the likes of Sarah Louise Christening Wear and also stocks Flower Girl dresses together with accessories to complete the look for special occasions. The business stocks ages from new born up to 5 years.
Hopskotch offers a fantastic range of products including: ladies gifts, scarves, bags and stationery. Men's gifts and clothing, new baby hampers, christening wear, accessories, pre school toys and much more!
The sale will include the company e-commerce website (Hopskotch.co.uk) and Facebook page and the business enjoys great visibility on the internet.
Scope to Improve
- Advertising and marketing campaign
- Maximise the use of social media particularly twitter and Instagram
- Extend the opening hours
- Review the range of products and perhaps introduce more for men
- Introduce balloons, there is demand locally
- Introduce email marketing and custom push notifications
- Explore online voucher discounters such as Groupon and Wowcher
- Optimise content for search engines
Reasons to Buy
- A well established business with an enviable reputation and many regular customers
- Prime trading position in the centre of a busy town
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business
- Current owner would be happy to offer a handover to ensure the continued succes
- A real opportunity to increase turnover, the current owner has been running at a pace to suit due to her other business interests.
Hilton Smythe highly advise early viewing to avoid disappointment.
This great little business is likely to attract considerable interest.Location
Hopskotch Limited is in Bridgnorth.
Bridgnorth is a town in Shropshire. The Severn Valley splits it into a High Town and Low Town, the Upper Town on the right bank and the lower on the left bank of the River Severn. The population at the 2011 census was 12,079.
Bridgnorth today is closely related to the towns of Wolverhampton and Shrewsbury. It is a traditional market town which retains its distinct position as a lively weekend trading settlement.
Bridgnorth is connected to Shrewsbury by the A458 Road, to Telford by the A442 road and Wolverhampton via the A454 Road.
The town is located around 9 miles from the M54 and 16 miles from the M6 motorways. The town is served by buses to and from Telford, Shrewsbury, Wolverhampton, Much Wenlock, Ironbridge, Shifnal, Kidderminster and Stourbridge.
Bridgnorth is on National Route 45 Of the Sustrans National Cycle Network which is named the Mercian Way. There is a great deal of good walking country around Bridgnorth, which is located close to the Shropshire Hills Area of Outstanding National Beauty.
Hopskotch Limited is ideally situated in the main shopping area of the town. The business is beautifully presented and maintained with clear visible signage and distinctive livery. The business has a real upmarket feel to it and sits alongside other complimentary retail businesses, many of which are interesting independents, and thus benefits from high levels of footfall and passing trade. There are several inexpensive, public car parks within easy walking distance.Premises
Hopskotch occupies a period style, mid terraced retail property and briefly comprises;
Double fronted with windows and glazed door to front creating a light airy and inviting interior, immaculately presented shop with a real upmarket feel that has been cleverly designed to maximise the space available.
Beamed ceiling with skylight, fluorescent lighting with diffusers and spotlighting to the window displays,Fujitsu electric heating, bespoke counter, wood effect flooring with a carpeted area, bespoke shelving, hanging area for bagged items etc, circular hanging rail, wall mounted security mirror, 3 grey painted timber shelving units, further cream painted display cabinet, bespoke card racking with drawers beneath, post card display, revolving card carousel, freestanding hexagonal display cabinet.
There is a staff rest room with close coupled toilet and hand wash
There is the possibility of renting several offices and rooms on the first floor if required by a new ownerTenure
We are advised that Hopskotch is being sold as a leasehold business opportunity. The existing lease is arranged on a 3 monthly rolling basis, but we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The rent is £16,000 per annum currently which is reasonable given the size and location of the business.
We are advised that the business rates payable are £3500 per annum.Hours
Monday to Saturday 9.15- 5.Staff
From March onwards the business opens on a Sunday from 11-4 to take advantage of the influx of tourists.
The business is currently run by a manager with the help of a part time member of staff.Financial Profile
Ideally this business should be owner run and managed.
Hopskotch Limited generated an advised turnover of approximately £128,000 as of the 2017 accounts with a gross profit of 49% and an adjusted net of circa £32,000. The business continues to grow at an impressive pace.