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Asking Price$30,957
Revenue$150,145 Established1979
Cash Flow$12,847 Employees3 part-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Retail Gift and Craft shop in well known Devon coastal resort town
Location Devon
Asking Price: £20,000+SAV

Stock is valued at circa £23,000.

Asking price includes:

The turnover is circa £97,000 per annum producing a profit before owner’s drawings of circa £8,300
Excellent growth opportunities
Eclectic mix of high quality products at competitive prices
Superb location with excellent local reputation
Loyal customer base
Fixtures and fittings
Low overheads

For the last 34 years this well known gift and craft shop has been trading on the main street of this well known Devon coastal town. Customers come from far and wide because of the wide, eclectic and unusual array of gifts, products for the making of cards, candles and craftware available for sale.

Over the many years of trading the business has generated an excellent reputation for the quality, variety and pricing of its goods.

Despite being located in a well known holiday destination the business does not rely on tourists for its trade but rather on regular customers from both the surrounding areas and from the rest of the UK.

The lead-up to Christmas is their busiest time of year.

The current owners have made the decision not to embrace modern technology(!) and have not created a website to sell their products on the internet. Investment in these resources would provide unlimited potential and obviously creates a marvellous opportunity for a new owner to significantly increase sales and profits.

The owners have however focussed on selling the widest range and the most unique products. They are always on the hunt for new suppliers to add to their existing range.
Facilities:The shop is located in a large, bright and airy space fronting the main street with a high footfall. The premises are held under a commercial lease with approximately two years remaining of an original 25 year lease. Rent is c£13,000 pa. There is a right of renewal under the Landlord & Tenant Act and the lessor is a well-known local property investor.
Growth Potential:As previously noted there has been no investment in creating a website for the business with all the opportunities that would generate.
Training/Support:The owners are happy to ensure a smooth transition of ownership by offering support at the time of sale.
Sale Reason:Retirement
Ad #50472
Seller Reference #AH139
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Contact This Seller
Andrew Hudson
0044 1895256000
Email Address