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8629CV GIFTWARE & JEWELLERS L/H £25,000+SAV
Asking Price:
GBP 25000
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Business Location:
United Kingdom » Warwickshire » COVENTRY
Category:
Retail
»
Miscellaneous Retail
Description:
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established giftware and jewellery business with excellent potential for growth.
Founded by the current owner almost 19 years ago it is only now reluctantly offered for sale due to his ill health.
The business is currently staffed by the owner with the assistance of 3 part time staff, each working 3 days a week.
The shop offers a very broad range of products including:
• Collectables
• Jewellery
• Pictures and frames
• Ceramics
• Minerals
• Fantasy
• Soft toys
• Carvings
• Fossils
• Gift cards
• And much more.
They also buy good quantities of unwanted gold and silver, which can be turned into instant profits just by re-selling to dealers.
The customer base is predominantly local but tourists account for approximately 10% of turnover.
There is a growing and high level of repeat business due to the owner’s excellent reputation and location.
The business is run at its current levels with no advertising whatsoever and operates from attractive premises decorated to a good standard and with extremely competitive rent and rates.
TRADING HOURS
Mon – Sat: 9.00am – 5.00pm
Sun:
BUSINESS PREMISES
An attractive ground floor lock up premises, located at the end of a small shopping parade but only a stones throw from the main city centre and its myriad of shops.
It has the added security of removable window and door grills and red care alarm system and briefly consists of:
Ground Floor
. Single frontage with a large and attractive display window with side entrance door leading into the main sales area with counter display, racking, cabinets, shelves and hanging displays throughout.
. Second sales area with additional counter and further racking, cabinets and shelves
. Kitchen
. W/c
. Stores
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 2 years
Review every: 5 years
Rent: £3,950 per annum
We are advised that the annual business rates are currently: £900
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Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
113000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
The business is ideally located at the busy end of a small parade of shops who all contribute to bring good footfall levels to the area.
Year Established:
1989
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Market competition and expansion:
There is excellent potential for growth including product sales via the internet and advertising, particularly to make people aware that the business purchases unwanted gold and silver.
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