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Shop for sale

Croft Street, Darwen, Lancashire, BB3

£12,000

Property Description

Commercial information

  • Business for sale

Key features

  • REF: 13104
  • LEASEHOLD
  • CARD & GIFT SHOP
  • MARKET STALL

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Greetings. The card shop has been established since 1960 and was taken over by our client in 2010. The owner is now looking to sell the shop, due to the desire to take a well-deserved retirement.

The shop is open 6 days per week in the centre of the busy Darwen Market. They sell an excellent range of stock, such as a variety of stationery, toys, gift wrapping, balloons and greetings cards. The business is becoming increasingly popular for wedding and party balloons.

The business is currently generating an advised turnover of around £39,000, with a gross profit of 60%, as of the 2014 accounts. This is a good turnover, however, we feel this could be increased. Our client mostly offers greeting cards, however, there is potential for the new owner to change it into any type of business.

The shop sees an increase in trade during special occasions such as Valentines and Christmas. During quieter months the owner should look to change stock around and maybe introduce new product lines, such as newspapers, magazines and books.

The overheads for the shop are very low due to its indoor market location; bills are included in the monthly rent.

This is a fantastic opportunity that would be perfect for a husband and wife team. This business is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Greetings is located in Darwen, Lancashire.

The business is situated in the centre of Darwen Market, in the middle of Darwen town centre. There is a variety of independent and well-known branded shops such as a Greggs, Betfred, Iceland and an Asda. The market also has a variety of shops that draws in large amounts of custom. There is a sweet shop, jewellery store, clothing shops, café, pet shop, fresh fruit and vegetables, a fish stall, hair salon and much more. This area attracts a large amount of footfall and passing trade.

The A666 is a major A-road in the town, this starts at Blackburn and connects to the M61 at Bolton. The town has great road connections as well as generous public transport. There are many bus stops in the area and the closest train station is just a short 2 minute walk away.

PREMISES
Greetings is situated in a market hall amongst several other independent retailers. The stall has a sign and all advertising is included in the sale.

The business has a large amount of space and boasts a corner position, this allows for the shop to be seen from all angles. There is a large amount of stock in the property, all displayed on a variety of different shelving and racks.

The shop counter is located at the back of the shop and features a desk and till.

Equipment included in the sale, is as follows-
Shelving
Racks
Counter
Till
Greeting card shelving

This is a fantastic stall, perfect for the trade.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 6 years
Remaining lease length: 2 years as of 2016.
Rent: £1,234 per month

The rent includes gas, electricity, advertising and security.

HOURS
The business opening hours-

Monday: 9am - 5pm
Tuesday: 9am - 12:30pm
Wednesday: 9am - 5pm
Thursday: 9am - 5pm
Friday: 9am - 5pm
Saturday: 9am - 5pm
Sunday: Closed

STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
The business generates a turnover in the region of £39,000 per annum.
Gross profit 60%, as of 2014 accounts.



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