Shop for sale

Caernarvon Road, Cheltenham, Gloucestershire, GL51

Offers Over £49,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Well established
  • Fully fitted
  • Prominent location next to Morrisons supermarket
  • Ideal bolt on business
  • Good starter business
  • Small department store
  • Suits a husband & wife team
  • Profitable
  • Stock does not have to be taken (Poss change of use)
  • Reduced in price for a quick sale

Full description

Tenure: Leasehold

Greeting Cards, Gifts & Clothing Store For Sale In Cheltenham
Ref 2107

Location

This established retail business enjoys a highly visible and prominent trading position on the very busy Morrison's centre retail park in the delightful town of Cheltenham, Gloucestershire. The retail park has a vast amount of customer parking spaces available and enjoys high levels of footfall throughout the day. Cheltenham is a Spa Town located on the edge of the Cotswolds and is classed as a regional shopping centre know for its high street shops and independent shopping quarters and many of the architectural and heritage features that can still be seen today, or experience the more modern redevelopments which have seen a new generation of visitors to Cheltenham. Easily accessed by the M5 motorway network with Birmingham and Bristol within 1 hour and London just 2 hours away.

Business information

Asking Price: £49,950 offers
Turnover: £250,000 pa net of VAT
GP: (52%)
Stock: Does not have to be purchased

Leasehold

Lease term: 10 years
Remaining: 8 years
Rent: £22,000 plus vat pa
Rates: £13,000

Business Description

Veritas Business Sales are delighted to offer for sale this respected Cards, Gifts & Department Store with is located in the highly desirable town of Cheltenham. The business has been established for over 20 years and has been in the careful hands of my clients for the past 2 years. In that time they have enjoyed continued success but due to an unforeseen change in circumstances they are reluctantly offering the business for sale and relocating back to Scotland. Since ownership they invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated by a husband & wife team and employs the help of 2 part time members of staff and has an annual turnover of £250,000 with a GP of (52%). Celebrations of Cheltenham retails a fine range of products to include greeting cards, wool, haberdashery, gifts, newspapers and magazines, stationary and clothing to name but a few. We believe that there is further potential to increase trade by expanding upon the current product lines and increase profits by reducing staff hours as the current owners choose to only work 4 days per week. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting shoppers. This is a superb opportunity to purchase an established and profitable business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 8.00am - 5.30pm
Sunday - 8.00am - 2.00pm

Ground Floor

Retail area comprising: sales counter with 2 x cash registers, display racking, display rails, glass cabinets, adjustable shelving, greeting card displays, haberdashery shelving unit, magazine racks/gift wrap, rotating carousels, clothing area including wedding dresses, prom dresses, special occasion clothing, every day clothing, shoes and accessories, with its own sales counter with cash register and 2 large changing rooms.
Store room with shelving, sink, fitted units, microwave and fridge
Office with storage area, cabinets and CCTV monitor
W/C with hand wash basin
External

Rear yard area with loading access and vendors parking for (1)
Frontage with access to a large free customer carpark

The property benefits from an alarm and CCTV with 12 cameras




Nearest station

  • Cheltenham Spa (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Cheltenham Spa (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2107. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.