Financial Details
Asking price: £49,000
Sales revenue: £62,400
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 very popular gifts and accessories business with excellent future potential.

Founded over 2 years ago by the present vendor, the business is only now being reluctantly offered for sale to enable her to concentrate on her other business and spend more time with her family.

The business, which is excellently presented has a diverse range of products including:
• Jewellery
• Hand bags
• Gifts
• Scarves
• Purses
• Picture frames
• Select ladies clothing
• Fascinators
• Cushions
• Gift cards
• Much more

The business has an excellent local reputation and is the place to visit when looking for that special gift for someone close to you.

Although trade is mostly local, it also has a good tourist trade which is mainly in the summer.

The vendor works alone in the shop and is currently achieving annual sales of circa £62,000 which is growing steadily, despite doing virtually no advertising with all sales growth achieved by referrals and word of mouth.

Gross profits currently being achieved is an above industry norm of approximately 65%.

The vendor is quite prepared to assist in a hand over period if required.

We are advised that stock at cost is approximately £14,000.
REF: 9520ST



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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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: closed Tues – Sat: 10am – 4pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 6 years Remaining lease: 4 years Review every: 3 years Rent: £13,800 We are advised that the annual business rates are currently: £5,000
Location:The shop is ideally located unopposed on a busy parade with high footfall levels in an affluent town in Staffordshire.

The parade has many complimentary businesses who all contribute in attracting potential customers to the area. Nearby towns include Cannock, Rugeley, Stone and Stafford.

The shop has 2 allocated car parking spaces and there are many nearby pay and display car parks who service all the local stores.
Premises Details:A mid terraced ground floor lock up premise with a great ambience which briefly comprises:

Ground Floor
• Side entry door into the main sales area with a very attractive window display
• Very well presented throughout following a refurbishment which was completed only 2 years ago
• Range of clothes rails
• 4 single door and 2 twin door glass display cabinets
• Pine dressers and side shelving
• Rear counter and till
• Back single changing room
• Large rear storeroom with kitchen
• Under stair stores
• Laminated floor, suspended ceiling and fully air conditioned

The premises are also alarmed and have a 2 camera CCTV system.
There is also 2 allocated car parking spaces with the shop.
Expansion potential:Our vendor already operates a successful and profitable business. It does however, still offer huge potential to increase both sales and profits by: 1. Opening on Monday’s 2. Opening longer hours 3. Offer internet sales 4. Have an ebay shop 5. Increase the product range to include wedding and christening favours 6. A new owner would be able to decrease the rates cost by claiming small business relief 7. If present sales levels continued, margins could be improved by de-registering for VAT purposes
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