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Dundee, Angus, DD1

£55,000

Business rates & charges may apply

Hilton Smythe, Bolton
SECTOR

Shop for sale

Key features

  • Ref:B06886
  • Leasehold

Property description

Business
Please quote reference B06886

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular independent gift shop.

The Quirky Coo has been under the careful and meticulous ownership of our clients since 2013, building up an excellent reputation within the city and further afield. Only now has the business been brought to the open market, as our clients look to concentrate on other business interests and are keen to see the business pass to a new owner who has the same passion, enthusiasm, and drive to take the business forward.

The business offers a wonderful eclectic range of gifts for all occasions, mainly based on a Scottish theme, with some inspirational local gifts and artworks, as well as other products such as Skincare, jewellery, and handbags, along with stocking an exceptional range of men’s novelty gifts. In addition, they also keep a fine selection of homeware, books, cards, and some children’s toys. The business further benefits from having a good website in place, where customers from further away can order gifts, this is something that a new owner could look to increase, to further increase turnover.

We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further additions to the gift collection.

This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.

All fixtures and fittings are to be included in the sale of the business.

A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.



Location
The business is located in a prime trading location on the busy and thriving Union Street, in the heart of the city of Dundee and benefits from being surrounded by a wealth of complimentary shops, businesses and is situated next to one of the main shopping centres, the train station and the world-renowned V&A museum, resulting in a consistently high level of footfall & passing trade.

Dundee is a coastal city on the Firth of Tay estuary in eastern Scotland.

Dundee is also known as the City of Discovery and has undergone transformation over the past decade and major investment continues in the shape of revitalisation of the Waterfront, spearheaded by the V&A Museum, Slessor Gardens and civic amenities including hotels, shops, and leisure facilities.

Planning is currently underway to bring the Eden Project to Dundee and the E-sports arena both in close proximity to the shop and is expected to generate thousands of extra visitors to the city.

Renowned for its universities and training hospital at Ninewells, Dundee is also renowned for its cutting-edge design technology within the computer games industry among others.

The city is very well serviced in terms of local amenities and transport links to all other parts of the UK via rail, road and with direct flights to London City via Dundee Airport



Premises
The business is located in a traditional retail style city centre property. Entered at street level into a bright and welcoming shop, with a feature service counter located on the right-hand side, there is ample space on the main shop floor, complemented with wall mounted displays around the perimeter, with further display units throughout the shop.

The premises further benefit from a lower basement area, with ample storage facility, kitchen area, w/c and office.

The premises has undergone a programme of refurbishment over the years under the current ownership, and can be found in true turnkey condition



Tenure
We are advised the business is being sold on a Leasehold basis with a new Lease being offered to a new buyer, the rent is £1,250 per month.



Hours
The business trading hours are:

Monday to Friday - 10:00am - 16:00pm

Saturday - 10:00am - 17:00pm

Sunday - Closed



Staff
The business is run and managed by 2 part time staff members.



Financial Profile
We are advised the business generated a turnover of circa £150,000 as of 2020, further financial information can be made available upon request.

Please quote reference B06886



Dundee, Angus, DD1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dundee Station0.2 miles
  • Invergowrie Station3.3 miles
  • Broughty Ferry Station3.8 miles

About Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

At Hilton Smythe, we sell businesses. For those looking to buy or sell in the UK, we act as a bridge between buyer and seller. We pride ourselves on making the business sales experience more transparent, fair and enjoyable for buyers and sellers alike.

We market businesses using multiple market leading platforms and channels all with the aim of achieving the best price and outcome for our clients.

We’re a young, fresh and driven group of people with the knowledge and experience ne

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Notes

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Disclaimer - Property reference B06886. 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 Hilton Smythe, Bolton. 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.

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