Greetings Card And Retail Outlet | | Norwich Norfolk | | GREETINGS CARD AND RETAIL OUTLET - NORFOLK Loyal local custom plus high numbers of passing trade Good location in picturesque suburb of Norwich | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 34929
ADVERT IMPRESSIONS : 14,766 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Card Shops | | SALE: | Agent Sale | LEASEHOLD: | £29950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | GREETINGS CARD AND RETAIL OUTLET - NORFOLK
Loyal local custom plus high numbers of passing trade
Good location in picturesque suburb of Norwich
Turnover £48,000 pa with huge growth potential
High quality interior with low rent payable
Early viewing highly recommended
LEASEHOLD
Location
This well established card and greetings retail outlet is located just off the main through road to the centre of Norwich. Norwich is a popular and upmarket city in the county of Norfolk renowned for its picturesque countryside and quality period properties.
The card shop is ideally located to maximise on the passing trade that flows in and out of the city and the surrounding residential area and enjoys a monopoly trade as the nearest competition is in the centre of the city.
The card shop is in a row of complimentary retail outlets all of which provide high levels of trade for the business. Norwich has strong road links to the A11 and A47 trunk roads and mainline rail from the city centre.
Business History
Meridian Business Sales are delighted to offer to the market this well established greeting card and gift retailer which has been in the careful hands of our clients since 2004. The only reason the business is now being offered to the market is due to our clients wish to concentrate on family commitments.
Since our clients took over the business they have fully renovated the trading area and the ground floor storage and side rooms to a high quality providing the new owners a true walk-in and trade business.
Our clients inform us that the current turnover is £48,000 per annum at a gross margin of 54%. This is derived from the sale of greeting cards and associated items including gifts, balloons and soft toys.
The business enjoys a strong reputation for quality and extensive stock, holding a wide and variety of greetings cards. The local community relies on the business for its everyday card needs and as such the business has a high level of loyal and repeat trade.
Meridian Business Sales recommends early viewing of this business so as to fully appreciate the quality and growth potential for the new owners.
Financial Profile
Turnover: £48,000pa
Gross profit: 54%
Stock approximately: £10,000
Tenure
Leasehold
Original length: 5 years
Remaining: 2 years
Review: 3 years
Rent: £5,400pa
Opening Hours
Monday: 9:00am - 5:30pm
Tuesday: 9:00am - 5:30pm
Wednesday: 9:00am - 5:30pm
Thursday: 9:00am - 5:30pm
Friday: 9:00am - 5:30pm
Saturday: 9:00am - 5:30pm
Sunday: Closed
Accommodation
Well presented and maintained semi-detached corner property comprising of ground floor lock up trading area with storage and work rooms briefly comprising:-
Main entrance leading to an open plan retail area with display stands for greeting cards plus shelving to the walls.
1 x reception desk and work station, double aspect windows with full display capability, toilet and kitchen fitted with base and wall units, trading area with quality carpet throughout, further range of display stands for accessories, office area, quality fixtures and fittings plus decoration.
Second room fitted with display material and wall shelving.
Third room which could be sub let as it has its own front door access, slat walling and display stands. Rear door leading to garden.
EXTERNAL
Parking to the front of the premises
Garden to the rear. | | | | | | FOR SALE | | | | | REFERENCE: | 2079 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
