| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 10,642 TIME(S)
BUSINESS REFERENCE : CHERISHGIFTS / RightBiz POPULAR CARD AND GIFT SHOP | | | | | | We are pleased to offer Cherish Gifts which is a well established Gift Shop located just off the centre of Truro in the popular Pydar Mews. The business is in its infancy and trade has improved considerably in the past couple of years. | | | BUSINESS LOCATION: | Truro Cornwall TR1 2UX | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Card Shops | | SALE: | Private Sale | LEASEHOLD: | £8500 | ANNUAL RENT: | £7000 | | | | | | | | | | | BUSINESS DETAILS: | At the unit, there are fully glazed display windows and a side window at first floor level. Security gates provide protection for these specialist retail units during out of hours.
The shop has a ground floor area of 116 sq ft approximately with a 12ft frontage. A staircase at the back of the unit leads to the first floor.
The lease is held on a formal basis for seven years from March 2003 at a rent of £7,000 per annum excluding rates and other outgoings. A rent review passed in March 2006 without an upward increase in the rent. Next review due March 2009.
A user clause has been granted for gifts and cards, formerly ladies wear. There is also room for further expansion at first floor level.
The business is in its infancy and in the owners' hands with part time assistance, improved trade considerably. Due to the prospects of motherhood by the owner, the business is available as a going concern.
Trading figures £37,650, gross profit £8,000. Current sales figures show a predicted sales improvement in turnover towards £50,000.
Stock is valued at approximately £10,000. Value of fittings £1,500.
The value of the business including the fittings, £12,500 + stock at valuation. | | | | | | FOR SALE | | | | | SELLER: | Confidential - Members Only | | CONTACT: | Confidential - Members Only | | REFERENCE: | CHERISHGIFTS / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
