Shop for saleBeaminster, Dorset
- Business for sale
- Use class orders: A1 Shops
- Valuable trading position on 'The Square', Beaminster
- Spacious character property offering 3 retail areas
- Highly visible and easily accessible
- Quality retail lines not easily found elsewhere
- Sales 2018 £78,588, scope to introduce additional lines
- Easily manageable, can be operated by one person
- Established and popular business
- Free restricted car parking in front of shop
- Situated in a attractive prosperous town, good level of visitors and local trade
- EM&F reference number: MG34420R
Description: An established Gift & Greetings Card retail opportunity considered most attractive such are the nature of the premises in terms of character, size and trading position. Offering a range of quality greetings cards for which the business is renowned ensuring a sound following, also offering a range of affordable quality gifts not easily found elsewhere. Trading from prominent eye catching premises providing 3 character retail areas in addition to useful office/storage, kitchen and cloakroom facilities. Such is the length of time established and trading position the business enjoys a great deal of regular repeat trade from the local resident community, in addition to that from visitors to the town, resulting in sales continuing to increase over the years.
Location: The trading position is considered most valuable, situated on the highly sought after and most attractive 'Square' with its free restricted on street car parking immediately in front together with bus stop ensuring easy access for customers. At the time of our inspection the business was situated next door to a renowned restaurant, adjacent the Co-op grocery store, close to the local hardware store, public house and hair salon, all of which assists in attracting a great deal of regular local trade and a good level of visitors to the town with the town's museum and shoppers car park only being a short walk away.
Area: Beaminster is an attractive prosperous town, renowned for its fine examples of Georgian buildings and 17th Century Cottages considered some of the best preserved in the country and situated within a Conservation Area, home to a number of talented artists. The town lies at the head of the River Brit Valley, also referred to as Dorset's 'Hidden Valley' with a number of surrounding country houses. The nearby A3066 provides easy access to the important trading town of Bridport to include the South Coast harbour village of West Bay lying approximately 7 miles away, the county town of Dorchester is slightly further afield lying approximately 18 miles away whilst both the Devon and Somerset borders are close by.
Premises: An eye catching property with wooden framed glazed bay window display frontage, half glazed entrance door and inner entrance door opening to main RETAIL AREA 1, carpeted, raised window display plinth, wall mounted air conditioning unit, spot lighting. 3 glazed upright jewellery display cabinets, greetings card display unit, 3 additional greetings card display spinners, fitted wall display shelving, display units, display dresser and central display table. Through to INNER HALLWAY providing access to the 2 additional retail areas. RETAIL AREA 2 with glazed bay window providing front aspect, carpet to the floor, ceiling fluorescent strip lighting, adjustable wall display shelving, contains 2 display dressers, 2 greetings card spinners and central display table. More storage off RETAIL AREA 3, situated to the rear with pleasant side aspect overlooking attractive courtyard garden, feature flagstone floor, adjustable wall display shelving, ceiling spot lighting, contains additional freestanding display shelving, display dresser and central display table. A useful OFFICE/STORE situated to the rear and leading off retail area 1 contains a desk, filing cabinets and storage shelving, incorporates KITCHEN AREA fitted with stainless steel sink/draining unit, CLOAKROOM leading off fitted with toilet and hand washbasin. (None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Business: A gift/greetings card shop has operated from the premises a considerable number of years, this business was established by the vendor in 2014, only now offered for sale in order to pursue retirement. Retailing an excellent range of quality greetings cards for all occasions for which the business is renowned, also offering a comprehensive range of quality affordable gifts for the individual and the home. Retail lines include notecards, gift wrap, leather purses, bags, some costume jewellery from Miss Milly and Carrie Elspeth, pens, ceramics, diffusers, handkerchiefs, vases, pottery, scarves, hats, money boxes, soaps, umbrellas, kitchenware, mugs, candles, blankets, rugs, carpets and cushions from Afghanistan, ribbon, children's books, puzzles, soft toys and some clothing to name a few. Items stocked tend to be those not easily available elsewhere, differentiating itself from other gift shops, ensuring it remains a popular destination for the local resident community and visitors to the town.
Trading Hours: The business trades Monday to Friday 9.30am through to 5.00pm and Saturday 9.30am through to 4.00pm. During the months of January, February & March the vendor chose to close on a Monday in order to maintain takings below the VAT threshold.
Staff: The business is easily manageable and can be operated by one person, currently operated by the sole vendor with some casual/part time assistance as and when required.
Takings: Accounting information provided confirms consistent levels of sales which have increased over the years, amounting to £71,735 in 2016, increasing to £73,266 in 2017 and increasing further to £78,588 in 2018. The vendor purposely chooses to operate below the VAT threshold, scope exists to build on these successful levels of sales through the introduction of additional retail lines.
Comments: The sale of Pomegranate provides an opportunity to acquire prime positioned retail premises within a desirable town. Coupled with this is an established easily manageable popular business which lends itself to further development through the introduction of other retail lines.
Tenure: The vendor owns the Freehold and is looking to grant a new negotiable Lease with a commencing rent in the region of £14,000 per annum.
Rates: Currently 'Nil' after 100% rate relief.
Price: £17,995 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.
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