Beautifully presented Georgian fronted gift shop located in central Fordingbridge. Low rent and overheads including business rate exemption. Regular monthly income from artisan traders. Fully fitted and equipped throughout. In current ownership for 10 years – retirement sale.
SUMMARY OF ACCOMMODATION
Retail Shop. Kitchenette. Cloakroom.
Prominent High Street position with passing foot and road traffic. Popular small town situated on the fringes of the New Forest. Ringwood approx. 7 miles. Salisbury approx. 10 miles.
Through front door into Shop with large entrance floor mat, laminated wooden floor, ceiling spot lights, ceiling mounted speakers, greetings card display racking, extensive shelving and display units, servery counter with wooden front and top, electronic cash register, shelving under, wrapping paper dispenser, meter cupboard, Office Area with desk and cupboards. Kitchenette Area with fridge, kettle, toaster and wash hand basin with a door into Cloakroom with low level WC and wash hand basin.
Trading & Business
The owner informs us that the business currently operates from 10.00am until 5.00pm, Monday to Saturday inclusive (closed on Sunday’s and bank holiday’s). The business is operated by the full time owner with a part time member of staff as required. We are informed that the turnover in the last trading year was approximately £50,000. The retail shop sells a wide range of quality locally crafted and general giftware, greetings cards, toys, stationary and chocolate. A part of the shop displays gifts supplied by local artisans. They pay a “commission fee” to sell their products to the business owner, the total of which equates to approximately half of the shops annual rent. The owner informs us that the shop typically holds a stock value of circa £15,000. We are currently awaiting accounting information for this business.
LEASEHOLD. The owner informs us that the rent is currently £5,500 per annum plus VAT and service charge and that the landlord is prepared to grant a new lease, subject to suitable references being supplied. We have not had sight of this lease documentation.
- Fully Fitted
- Established Business