Well Established Card / Book / Gift Shop (Circa 950sq.ft.) - Prosperous Area - Recently Regenerated Town Centre Location - Wokingham, Berks - Annual Turnover £416,000
Conveniently situated within close proximity to a busy Waitrose Store in the Town Centre of a prosperous market town in the wealthy Thames Valley, a few miles from Reading.
The Striking Premises are held on a 5 year renewable lease with, we are informed, about 4 years remaining at a current rent of £44,000 per annum plus VAT exclusive of rates (currently suspended). Landlord Surety Rent Deposit:- £11,000
Elegant, well fitted Shop (approx. 22’3’’ x 33’11’’). Storeroom (approx. 13’7’’ x 15’4’’). Small Kitchenette (sink & fitted cupboard). Cloakroom (wash basin and toilet).
EPC Rating:- B-45
We are advised that Takings prior to lockdown averaged around £6,000 per week with high levels of profit.
It should be emphasised that we consider this is a good, profitable business with a genuine retirement reason for sale in a Market Town which has recently undergone an extensive regeneration and offers its customers an increasingly rare opportunity to find original, thoughtful Cards and Gifts which stand out from the generic, everyday offerings elsewhere. It is also considered that a younger owner with renewed vigour and enthusiasm would increase the levels of trading, especially for someone more ‘internet savvy’.
Currently run by two part time staff members. Would very much suit a married couple or a younger investor who might retain the staff and run it as is.
Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £25,000 Stock extra at Valuation - circa £30,000
- Attractive Business
- Town Centre location
- Price Reduced
- Established Business