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Shop for sale

Westbourne Arcade, Poole Road, Bournemouth, Dorset, BH4

Leasehold 99 sq. m. | £65,950

Property Description

Commercial information

  • Business for sale
  • 1,065 sq ft (99 sq m)

Key features

  • REF: 2739
  • LEASEHOLD CARD AND GIFT SHOP

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe are delighted to welcome to the market Deck Of Cards. This specialist greeting card and accessory shop was originally founded in 1995 and has been successfully run by our client since inception in 2003 and only now does the business come to the market as our client looks towards a well-deserved retirement.

The business has been a great benefit to the area, taking advantage from a monopoly trading position with no other competition in the locality. The business reports a healthy turnover of in the region of £115,000 with a gross profit of circa 55% as per 2015 accounts.

The shop is very well stocked and clearly presented throughout with a vast array of greeting cards for all occasions, with stock regularly reviewed and changed per seasonal requirement. Externally there a several card displays highly visible to passing trade. Additional revenue is generated through the retail of social stationary and accessories such as gift bags, wrapping paper, calendars and balloons. We are advised there is the potential to expand the Helium balloons sales.

In addition there is a substantial 3 double bedroom flat spread over two floors above the business. Currently the flat is tenanted yielding a very generous monthly income of £950. Equally, the flat could be used as owner's accommodation if required.

There is also a large basement currently used for storage, but could possibly be converted to provide additional retail space subject to the correct permissions.

We highly recommend early viewing of this turnkey business in this much sought after location.


LOCATION
The business is located in Westbourne, an affluent residential and shopping area of Bournemouth, Dorset.

Deck of Cards is located in the well-presented Westbourne Arcade, a Victorian sheltered shopping precinct running between Seamoor Road and Poole Road. The area has become a fashionable and popular part of Bournemouth with a unique mix of clothing shops, cafés, restaurants and many other independent businesses. The location is a well-known place to shop, with guaranteed footfall.

Westbourne is located between the popular tourist resorts of Poole and Bournemouth. The area is easily accessible via the A35 and A338 and is well supported by public transport with regular bus services running to neighbouring towns and villages. The nearest railway station is at Branksome a short distance from the business along the A35.

PREMISES
Well- presented double fronted shop briefly comprising:-

The front of the property is well signed with a traditional feel. Large windows with eye catching displays, rotating card displays to the front, highly visible to passing trade.

Well lit retail area, ample central card displays, perimeter card displays. Slatted adjustable shelfing to perimeter walls. The counter, till and card machine are located on the left hand side at the front of the property.

On this floor is also a small kitchen, stock area and staff toilet.

The business benefits from a large basement currently used for storage

Three bedroom accommodation briefly comprising.
First Floor
Very large double bedroom
Spacious kitchen
Well appointed lounge
Small toilet

Second Floor
Family sized bathroom
Two double bedrooms

The area is a very low risk crime area, and our client didn't feel the need to fit an alarm or a CCTV system. However this could easily be set up by the new owner.

TENURE
We are advised that the business is Leasehold.

Original lease length 20 years.
Remaining length of lease 6 years as of 2017.
Rent £23,000 per annum.

HOURS
Business opening times-

Monday-Saturday: 9:30am-5pm
Sunday: Closed

STAFF
The business is run and managed by our client with the assistance of 2 members of staff.

FINANCIAL PROFILE
The business reports a healthy turnover of in the region of £115,000 with a gross profit of circa 55% as per 2015 accounts.



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