Business for sale in United Kingdom – Devon – County of Devon – Ah139-retail gift and craft shop in well known devon coastal resort town-devon

Business for sale, Buy a business or sell a business. Find a business broker or a franchise for sale. Over 19,000 banks and 2,700 venture capital firms in The Business Place

In order to contact the buyer/seller, you must be a registered user of the site and must be logged in

Business for sale in United Kingdom - Ah139-retail gift and craft shop in well known devon coastal resort town-devon

Asking Price: 20,000 £ Real Estate: Lease
Sales Revenue: 97,000 £
Net Profit: 8,300 £
Year Established: 1979
Employees: 2PT
# of family members employed: 2PT
Location criteria:
United Kingdom/County of Devon/Devon

Business types:

Retail

Business categories:

Card & Gift Shops ; Gift; Hobby & Crafts Stores

Business description

for the last 34 years this well known gift and craft shop has been trading on the main street of this well known devon coastal town. Customers come from far and wide because of the wide, eclectic and unusual array of gifts, products for the making of cards, candles and craftware available for sale. Over the many years of trading the business has generated an excellent reputation for the quality, variety and pricing of its goods. Despite being located in a well known holiday destination the business does not rely on tourists for its trade but rather on regular customers from both the surrounding areas and from the rest of the uk. The lead-up to christmas is their busiest time of year. The current owners have made the decision not to embrace modern technology(!) and have not created a website to sell their products on the internet. Investment in these resources would provide unlimited potential and obviously creates a marvellous opportunity for a new owner to significantly increase sales and profits. The owners have however focussed on selling the widest range and the most unique products. They are always on the hunt for new suppliers to add to their existing range.

Additional information

Additional information: Not Disclosed
Support & training: The owners are happy to ensure a smooth transition of ownership by offering support at the time of sale.
Reasons for selling: Retirement
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The shop is located in a large, bright and airy space fronting the main street with a high footfall. The premises are held under a commercial lease with approximately two years remaining of an original 25 year lease. Rent is c£13,000 pa. There is a right of renewal under the Landlord & Tenant Act and the lessor is a well-known local property investor.
Location: Not Disclosed

In order to contact the buyer/seller, you must be a registered user of the site and must be logged in