Leasehold Gift Shop Business For Sale In Tynemouth Reduced | | Tynemouth Tyne and Wear | | This business has been established in Tynemouth for well over a decade and is brought to the market due to retirement. Available leasehold at a price of £70,000(offers) for the business . | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72419
ADVERT IMPRESSIONS : 7,849 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Gift Shops | | SALE: | Agent Sale | LEASEHOLD: | £35,000 | ANNUAL RENT: | £12,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | DESCRIPTION
A long established fine gift shop located centrally on Front Street in Tynemouth, Tyne & Wear. Owned by the same family since 1997 Little Monk is well reputed and many of the customers return again and again.
The business operates from a very well appointed, double fronted premises with a main sales area, further sales area to a raised level and a kitchen and office/store room to the rear.
LOCATION
Tynemouth is often described as ‘the jewel in the crown’ of North Tyneside; it is part of a large conservation area and is home to the ancient ruins of Tynemouth Castle & Priory. The village is popular with locals and visitors who come to enjoy the beaches and scenery of this picturesque area. Other occupiers include public houses, restaurants, clothes shops, deli’s, estate agents the Co-operative food store, Subway and more. In July each year the village plays host to the Mouth of the Tyne Festival and is also home to Kings School. Front Street itself is a one-way thoroughfare incorporating pay and display parking. Tynemouth is approximately 12 miles east of Newcastle Upon Tyne and around 5 miles east of the Tyne Tunnel and A19.
THE BUSINESS
The business retails a large range of high quality gifts, cards and jewellery. There are ranges of mirrors and other home ware as well as handbags and scarfs. Many customers are buying items as wedding and birthday gifts and often also buy for themselves.
The sales area has a range of glass display cases, shelving and pegs all of which are used to best display the ranges of products on offer.
THE PROPERTY
A double fronted shop unit with 2 sales areas, a kitchen, w.c., basement, office and storage.
Front Sales 27.2sqm
Rear Sales 13.0sqm
Kitchen 11.1sqm
Office/Storage 13.9sqm
Basement 17.9sqm
The property benefits from gas central heating from a wall mounted boiler to radiators in some areas. The property has a burglar alarm.
OPENING HOURS
Monday Closed
Tuesday - Saturday 10am – 5pm
Sunday 11am – 4pm
STAFF
The business is run by our client with the assistance of 1 full time member of staff.
TRADING INFORMATION
Accounts are available to bona fide potential purchasers once they have viewed the business. Please enquire.
TENURE
The business will be offered with the benefit of a brand new Internal Repairing and Insuring (IRI) lease. It is likely that the initial period of the lease will be 5 years although our client is open to discussion.
The ingoing rent will be £12,000per annum.
The long leasehold of the premises may be available. Offers Invited.
ASKING PRICE
Offers in the region of £70,000 for the goodwill, new lease and the fixtures and fittings plus stock at valuation. | | | | | | FOR SALE | | | | | REFERENCE: | RCL156 RB / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
