Longstanding Gift Shop in Reading Berkshire for Sale - Retiring Owner
Reading, Berkshire
- Status
FOR SALE
- Date Submitted:
08/12/21
- Advert ID
287245
- Reference
B06621 / Rightbiz
- Call Agent:
- Leasehold: £19,995
- Turnover: £50,000 (£962 Per week)
- Net Profit: £6,000 (12% Profit margin)
Business Details
Extremely well established Gift Shop business for sale
BusinessPlease quote reference B06621
CoGoGo is delighted to present to the market The Rhubarb Tree Pangbourne, a charming gift shop business with over 20 years trading history.
This ‘turn-key business opportunity' was purchased by our client 9 years ago and is now being offered for sale due to retirement.
The Rhubarb Tree is a perfect example of a ‘lifestyle’ changing business with many loyal local customers as well those who regularly visit the village looking for something different.
The charming gift shop is warm and friendly with lots of gift ideas to choose from as well as cards, greeting cards, jewellery, celebration balloons, toys, seasonal lines and confectionery.
The store offers the following range -
- Balloons
- Greeting cards
- Belgian chocolates
- Christmas decorations
- Cog clocks
- Jewellery, scarfs
- Diffusers and candles, fragrance oils
- Home & Garden gifts
- Vases, thermal bottles, mugs, jugs, umbrellas
Currently the top selling lines are -
- Greeting cards
- Home & Garden
- Candles
- Balloons
- Seasonal gifts
Our client currently advertises on the following platforms -
- Own website
In line with other very good shops, knowing what suppliers work is key to the success of the business. Our client advises having the right stock in for key seasonal dates such as Xmas, Mother’s Day, Easter and Valentines attracts a significant increase in footfall.
All of the supplier details will be handed over to any new buyer.
Key selling points -
- Very desirable area
- Excellent supplier relationships
- Very loyal customer base
- Excellent rental terms
- Full business handover offered
- Opportunity to grow the online sales
- Priced to sell
Location
The Rhubarb Tree occupies a desirable trading position on the High Street within the heart of Pangbourne, Reading.
The business is surrounded by a good selection of both independent retailers including an interior shop, a barbers, flooring shop, wine shop, estate agents, travel agency and hairdressers as well as key high street brands such as the Co-op.
Pangbourne is a large village and civil parish on the River Thames set within the picturesque county of Berkshire. It is located just 6 miles west of Reading which can be easily accessed via the A329.
There are several pay and display car parks within walking distance including Station Road car park which is located around the corner.
The mainline train station Pangbourne is located just two minutes’ walk from the store.
Premises
Ground floor -
- Retail display area
- Service counter
- Rear stockroom
- Kitchen/staff area
- Toilet facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is £1,250 per month and has £4,600 rates payable per annum.
Hours
The business hours are -
Monday – 10:00am – 4:00pm
Tuesday – 9:30am – 5:00pm
Wednesday – 9:30am – 5:00pm
Thursday – 9:30am – 5:00pm
Friday – 9:30am – 5:00pm
Saturday – 9:30am – 5:00pm
Sunday - Closed
Staff
We are advised that the business has 2 part-time members of staff.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £50,000, with an adjusted net profit in the region of £10,000. Full financials can be made available upon further request.
Please quote reference B06621
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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