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Beautiful Gift, Card and Stationery Shop for Sale, Somerton, Somerset

Somerton, Somerset
Freehold Price:
£300,000
Leasehold Price:
£74,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
207948

Details

Located in the Beautiful Ancient Wessex Town of Somerton, Somerset, this very Busy Shop is superbly positioned within the Town centre and Market Place .
Somerton and the local area currently has various new Housing developments under construction which will obviously see the increase to the already loyal and devoted customer base.
The Shop and has been serving the local Town for over 30 years and attracts customers from nearby Towns and Villages.

This Business has the enviable position of being adjacent to the only Bank in the Town which leads to a High foot fall of passing trade .
Trade is boosted in the Summer Months due to the High influx of Summer Visitors and the Months leading up to Christmas are extremely lucrative.
Services and Products include

  • Stationery & Greeting Cards,
  • Gifts, Toys, Jigsaws,
  • Party Items, Gift Wrap, Balloons,
  • Handbags,  Printer Inks, Photocopying,
  • Photograph developing,
  • Laminating, Binding, 

The ground Floor has retail space of 150mt2, the second Floor comes with a Private Office, separate Bathroom and 2 further store rooms along with a kitchen .
Gas Central Heating is also fitted throughout.

 

  • Average Turnover per Year £330,000 INC VAT ( £275,000 EX VAT ).
  • Healthy profit margins consistantly achieved.
  • Gross profit 58%
  • Net profit details to be given upon viewing

Currently operated by 5 Staff which are a combination of full and part time hours .

This Business could very easily be run by the Staff as the current and loyal staff have been employed for up to 27years.
This is an ideal opportunity and investment for any person(s) wishing to operate a Business either on a full time or part time basis or a Business managed by Staff.

Included in the sale

  • 3 x Cash registers with Bar Code Scanners / EPOS System along with Bar Code printing machine.
  • Large Colour Copying Machine, Large Black and White Copying Machine, 
  • Kodak Photo Kiosk
  • Office Computers and Printers
  • CCTV System installed plus fully alarmed,


Opening Hours

Monday to Friday 9-5 and Saturdays 9-3 


Trading for over 31 years

Large customer Car Parking to the Front 


The business could also benefit from offering deliveries to local Businesses along with on-line sales & a more pro active Facebook presence.
A short time Training / introduction / hand over period can also be offered.


Price to include

New 10 year lease ,fixtures and Fittings, 

Current stock value £58,000 (extra) this can be negociated /reduced to assist purchase.

 Rent per month £1300pm (no vat payable),

Business Rates are also exempt.

Very reluctant sale, due to family commitments the present owners need to relocate.


Asking price is only £74,950 plus stock, (the stock levels may be adjusted / negotiated to suit buyer, further information regarding current stock available on viewing)
Also the possibility to purchase the Freehold for an additional £225,000
Further information available upon viewing.

for further information please contact Steve on 
Telephone 0759 2650210
 

Listing Details
Freehold Price: £300,000
Leasehold Price: £74,950
Tenure: Freehold
Tenure: Leasehold
Sector: Card Shops, Gift Shops, Stationery Store
Financials
Annual Turnover: £320,000
Annual Net Profit: Available upon request
Key Features
  • Central Position in Affluent Village
  • Prime Location
  • Accounts Available
  • Attractive Business
  • Price Reduced
  • New Lease
  • Offers Invited
  • Town Centre location
  • High Turnover
  • Potential for Alternative Use
  • Incentives May Be Available
  • Established Business
  • Close to Local Amenities
Map
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