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Shop for sale

The Street, BN26

Leasehold 95 sq. m. | £34,995

Property Description

Commercial information

  • Business for sale
  • 1,022 sq ft (95 sq m)

Key features

  • REF 12508
  • LEASEHOLD BUSINESS
  • GIFT SHOP

Full description

Tenure: Leasehold

LOCATION
Cotyledon Country Crafts is located in Litlington, East Sussex.

The business is situated in the historic Litlington tea gardens which boasts a well-known garden centre, traditional tea rooms and a crystal shop. This is a lovely area that is perfect for a purchaser looking to by a business in a relaxed location. The site originally opened in 1870 and has allowed staff and owners to build up a community; a new buyer would be highly welcomed.

The business is located just off a main road through Lullington and Litlington. The road runs from the A27 which is an arterial road. The road then connects to the A259 at Seaford. This is a main pass through that receives a large amount of footfall daily.

Brighton and Eastbourne are just a short drive from the property. There are also several bus stops which head directly into these towns. The closest train station is an 11 minute drive away.

BUSINESS
Hilton Smythe welcomes to the market Cotyledon Country Crafts. The business was originally established by our client in 1994. The owner is now looking to sell the gift store due to the desire to take a well-deserved retirement.

The gift shop offers a range of products such as candles, cards, local gifts, lighting, garden accessories, picture frames, vintage items, jewellery, silk flowers, handmade soaps, bath gels, oil burners, toys and much more. The range of stock is highly attractive to custom and the store sees a handful of repeat loyal trade.

The business is currently generating an advised turnover of around 43,000 per annum with a gross profit of 50%. This is a healthy turnover that was higher in earlier years. The decrease is down to our client's illness, as he was unable to open the shop on some days. With a new owner who can work full hours there could be a significant increase in turnover.

Some ways turnover could be boosted would be to-
Extend opening hours
Introduce more local crafts
Create a website
Open all year round

These options should be something the new owner looks into in order to boost turnover.

The store is a fantastic size and there is a stockroom which could be turned into a craft and pottery area. Introducing classes should increase the amount of repeat trade. There is also the option to sub-let to someone who could conduct the classes. A loyalty scheme would also be a great way of attracting more trade.

This business would be a perfect opportunity for a husband and wife team with an interest in gifts and arty products. This is a central location that receives all year round trade with an ever expanding amount of visitor numbers. Hilton Smythe highly advise early viewing of this unique business to fully take in its full potential.

PREMISES
The business is situated in a large cabin that is well-presented. The property is signed and is decorated well with flowers and trees. The property is made up of two separate units joined together with connecting doors.

Inside the property is a large display area, this is open plan with perimeter racks and shelving. There is also a display table in the centre of the shop promoting products. Stock is well-laid out and is clearly visible.

There are two separate stock rooms, one which could potentially be used as a craft room and the second which can be accessed from the rear of the second unit. There is also an office and kitchen area which are used by staff.

Equipment included in the sale is as follows-
Shelving
Racks
Large table
Card display unit
Bespoke counter
Till

The property has its own area and there is signage that points to this area. At the front of the property is a water fountain with seating around.

TENURE
We are advised the business is being sold as a leasehold opportunity.
New lease available. There is currently a rolling monthly lease in place.
Rent: 433 per month

HOURS
The business is opening hours-

Monday: Closed
Tuesday: Closed
Wednesday - Sunday: 11am - 4pm

STAFF
The business is run and managed by our client.

FINANCIAL PROFILE
The business generates a turnover in the region of 43,000 per annum.
Gross profit 50%


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