Crafts And Party Shop In Hitchin Hertfordshire | | Hitchin Hertfordshire | | Arts and Craft Supplies Hitchin, Hertfordshire T/O: £100,000 GP: 55% Town centre location Main shopping street Loyal customer base Huge scope | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67383
ADVERT IMPRESSIONS : 11,068 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Fancy Dress & Party Goods | | SALE: | Agent Sale | LEASEHOLD: | £49,950 | ANNUAL RENT: | £15,250 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Penco (Hitchin) Ltd, is ideally located on the main road in the heart of the town of Hitchin, Hertfordshire. The arts and crafts store is surrounded by a wide variety of complementary shops and businesses and benefits from a high footfall and much passing trade. There is a bus stop directly outside the shop and there is ample car parking in the vicinity. Hitchin is a popular market town with markets Tuesdays, Fridays and Saturdays. The town boasts several quality schools and the North Hertfordshire College Centre for the Arts. The town is easily accessed with junction 8 of the A1 approximately 3 miles away. The town of Letchworth lies approximately 3 miles north east, while Luton is approximately 9 miles south west.
Business History
Preferred Commercial is delighted to offer for sale this popular arts, crafts and party shop, which was established by our client in 1995 and which is only now being placed on the market due to his wish to semi retire. The business generates a turnover in the region of £100,000 per annum with a gross profit of 55% derived from the sale of a wide range of arts and crafts supplies and materials, party products such as invitations, banners, gifts and helium filled balloons. The business benefits from an enviable reputation and a loyal regular client base. The shop is popular with students at the art college. A new owner could increase turnover by perhaps developing a web site to promote the business and offer on-line sales. We feel this is an ideal opportunity to acquire a well-established arts and craft store in such a desirable town centre location and with immense scope to develop further. Early viewing must come highly recommended.
Financial Details
T/O: £100,000 approx.
GP: 55%
Opening Hours
Mon - Sat: 9.00am - 5.30pm
Sun: Closed
Accommodation Details
Ground floor lock-up retail unit situated on a busy town centre shopping street. Briefly comprising:
Ground Floor
• Main sales and display area fitted to suit trade with various display areas and racking units displaying a wide range of supplies and materials including, canvases, artists' brushes, paper, embroidery silks, craft sets and balloons, retail counter with display window behind, electronic cash register, card terminal, CCTV and recorder (8-camera system), helium canister and balloon weights.
• WC with wash basin
• Stock room with racking and shelving to suit
External
•Service yard to rear
Tenure
Leasehold:
Original length: 10 years
Remaining: 2 years
Review: every 5 years
Rent: £15,250 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2679 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
