Soft Furnishing Shops for sale in Felixstowe

View the "Exciting Opportunity to Purchase Vintage by the Sea." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £17,500 Turnover: £35,453 Gross Profit: £19,382
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Business Description
Business
Hilton Smythe welcomes to the market Vintage by the Sea, a business that was established by our client in 2012, who is now moving abroad.

Vintage by the Sea offers a great variety of vintage items including,

• Mirrors,
• Furniture,
• Garden items
• Soft furnishings.

The business exclusively stocks St Eval candles and also sells Frenchic paint.

During the summer of 2017, Vintage by the Sea turned into a pop-up coffee shop, the premises still holds a 5* hygiene certificate. In that time, they had covers for 12 also served coffee and cake.

This is something that should be considered to increase turnover.

Being one of the very few of this type of shop in Suffolk, people come from far and wide to purchase the goods available.

Customers have regularly travelled from Norfolk, Essex and Suffolk and others from much further afield.

The business sells from the shop but also from Facebook which has 5* reviews.

There are also 5* reviews on Google.

Vintage by the Sea is profitable but there is scope for development.

1. Introducing a website with all stock available.
2. Introducing on a permanent basis the coffee shop aspect to increase turnover and bringing in a different client base.
3. Extend the opening hours.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Vintage by the Sea is located in the seaside town of Felixstowe, Suffolk, on the main shopping street which attracts a high footfall. Nearly opposite is the main Tesco for the town and the thriving street has a great mix of shops.

There is ample 1-hour parking in the area for customers and a parking space to the rear of the premises for staff.

Vintage by the sea has a distinctive canopy making it easy to find.

Felixstowe has a population of circa 24,000, however this population grows dramatically during the summer months as holiday makers and day trippers come from far and wide.

Premises
Outside there is a large canopy, the premises has rights to display goods in this area, this could also be an area for seating for the coffee shop.

The shop is divided into 2 showrooms.

The front show room consists of,

• Wooden flooring,
• Window storage and display,
• Area for the till.

There is a doorway through to the rear showroom which consists of,

• Butler style sink,
• Window to rear,
• Fireplace,
• Wooden flooring.

To the rear of the premises there is a courtyard, this is accessed via a side pedestrian way next to the shop.

Off the courtyard is the staff toilet, 10’ x 5’ timber shed for storage and a gateway to the parking space.

There is a CCTV system, that belongs to the shop next door that covers the front of the premises.

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

The lease expires in January 2023 and the annual rent is £7,500.

Currently the business is exempt from paying Business rates.

Hours
The business opening hours:

Monday: Closed
Tuesday: Saturday: 9am to 4pm
Sunday: Closed

We have been informed that there are no restrictions with regards to opening hours on the Lease and the new owner should consider opening Mondays and Sundays, especially in the summer months.

Staff
The business is run and managed by our client.

Financial Profile
Vintage by the Sea generated an advised turnover of circa £35,453 as of the 2017 accounts, with a gross profit of £19,382 and a net profit of £10,101.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04494
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