Gifts & Home Accessories Shop Bognor Regis

Bognor Regis, West Sussex

Status

FOR SALE

Date Submitted:

27/03/19

Advert ID

240251

Reference

11885 / Rightbiz
Leasehold: £40,000
Annual Turnover: £350,000
Annual Net Profit: £57,000

Retirement sale of prime trading location in pedestrianised town centre of a busy West Sussex coastal town. Sales on 2 floors, storage on third floor.  Established 2007, there is steady year round trade from a loyal customer base plus the bonus of tourists from February through to Christmas.  Proprietors own F/H and are offering a new lease with an annual rent of £30,000pa. 

Very busy store with a gross T/O of £6-7,000pw.  Previously fully staffed; since Covid run by owners with 5 P/T staff.  Net profits range between £56k - £67k pa before adjustments.  There is a full EPOS system, extensive website with social media presence and huge potential to build on web sales.

 

The shop is well presented and is being sold with all fixtures and fittings which are owned outright.  There is a fire alarm system and monitored burglar alarm.  In 2019 it benefited from lights being replaced with new, low energy system and in 2020 increased CCTV, security gates and new carpet on ground floor.  The 1st floor was fitted out in 2018 and there is slat wall throughout the shop.


Open daily 9-5pm and10-4pm Sundays, selling jewellery, gifts, cards, fashion accessories, home furnishings, art, etc. Located amongst national retailers and enjoying ample year-round footfall there is also a Butlins Holiday Camp in town which substantially increases footfall.  The town has a successful parking scheme which brings people into the shop.  Must be seen to be appreciated.

 

The owners are prepared to offer substantial assistance to the new owners to ensure a successful handover of the business.

 

Key Features
  • Retirement Sale
  • Established Business
  • Town Centre location
  • Attractive Business
  • Central Position in Affluent Village
  • Price Reduced
  • Prime Location
  • Offers Invited
  • Close to Local Amenities
  • Potential for Alternative Use
  • Split Level Trading Area
Contact Agent
Advert Reference:
11885 / Rightbiz
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