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Shop for sale

New Street, Braintree, Essex, CM7

£55,000
51 sq. m.

Property Description

Commercial information

  • Business for sale
  • 548 sq ft (51 sq m)

Key features

  • REF: 14295 J
  • LEASEHOLD
  • CARD & GIFT SHOP
  • ELECTRONIC CIGARETTES

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Velvet Sunrise, which was established several years ago by our client, who is now looking to do something different.

Velvet Sunrise is a gift shop with a difference, selling smoking e cigarette and vaping essentials, along with clothing, and Gothic gifts including skulls, dragons and fairies etc.

There is a large local customer base and also customers who venture from further afield.

Velvet Sunrise has a Facebook page with 5* reviews; currently does not have a website, which the business could benefit from in order to catalogue and sell the gifts online to a much wider audience.

Hilton Smythe highly advise early viewing to avoid disappointment.


LOCATION
Velvet Sunrise is located in Braintree within Essex, in a shopping centre just off the main high street and close to a popular Tesco store.

There is free parking close by.

PREMISES
The corner positioned premises is entered via the door straight into the main shopping area with 7 glass display units, 2 of which are rotating displays.

There is a central clothes hanging area and further wall hanging areas.

The counter is made up of 3 display units, with shelving behind.

Past the counter is a store room/staff area with tea making facilities.

There is a further open store room with shelving which leads to the back door and toilet facilities.

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

Original lease length: 5years.
Remaining lease length: 3 years as of 2017.
Rent: 8,300 per annum.

HOURS
The business opening hours:

Monday - Saturday: 10am - 6pm
Sunday: closed

STAFF
The business is run and managed by our client, with the help of 2 part time members of staff and would suit a couple to move the business forward.

FINANCIAL PROFILE
Velvet Sunrise generated an advised turnover of circa 87,500 as of the 2016 accounts.



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