Financial Details
Asking price: £160,000
Sales revenue: £331,800
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and profitable greetings cards and books business.

Founded over 19 years ago by the vendor, the business is only now being reluctantly offered for sale as he wishes to retire.

The business has an excellent local reputation for have a huge selection of quality greetings for every conceivable occasion. It also sells sugar craft products, party gifts, and balloons and has a large choice of & Christian & secular books.

Greetings cards and party gifts etc account for approximately 75% of sales, sugar craft for circa 15% and books for 10%.

The vendor only currently works approximately 3 days per week in the business. In addition, it has one full time worker and 3 par timers, who each work approximately 17 hours per week.

In the year to May 2009, they achieved excellent net annual sales of £331,866 with a gross profit of £166,568. Good cost controls ensure a healthy net profit is achieved consistently year on year. The business has been priced accordingly and should be earned back within 2 years of trading

We are advised that stock at cost averages £55,000 - £60,000.
REF: 9442WR



DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon-Sat: 9.00am – 5.30pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 7 years Review every: 5 years Rent: £35,000 We are advised that the annual business rates are currently: £9,000
Location:The business is extremely located with a very prominent high visibility spot on a busy parade surrounded by popular branded retailers such as W H Smith, Specsavers, Boots, Morrisons, Wilkinsons and New Look, who all contribute in attracting custom to this upmarket area.

There is a large pay and display car park, which is ideal for users of the parade and is less than a minute’s walk from the shop.

Nearby towns include Bromsgrove, Worcester and Droitwich.
Premises Details:Modern prominent shop which is kept in excellent condition throughout which briefly comprises:

Ground Floor
• Centre entry door from the fully pedestrianised shopping area into the shop with serving counter and 2 tills by the door
• 2 main aisles with approximately 100 feet of display cards, rear book section with circa 60 feet of display, sugar craft and party gifts of approx 15 feet of display
• Back office, kitchen and w/c

First Floor
• 2 large store rooms

The premises has a 5 camera recording CCTV system
Expansion potential:Despite already achieving excellent annual sales and net profits, the business still offers huge potential to increase turnover and profits by: 1. Opening on a Sunday, the current vendor will not open on a Sunday due to his religious beliefs. 2. Extend the opening hours to closing at 6pm and with extra hours at Christmas 3. Sell different types of books apart from current ranged stocked 4. Also sell confectionery and stationery 5. Extend the party side product lines which are extremely profitable 6. Have a web site and offer internet sales to the specialist market currently served
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