For Sale
Extremely well established Gift Shop business for sale
Reading, Berkshire
- Asking Price: £19,995 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £50,000, with an adjusted net profit in the region of £10,000. Full financials can be made available upon further request.
Please quote reference B06621
- Tenure: Leasehold
Please quote reference B06621
Hilton Smythe is delighted to present to the market The Rhubarb Tree Pangbourne, a charming gift shop business with over 20 years trading history.
This ‘turn-key business opportunity' was purchased by our client 9 years ago and is now being offered for sale due to retirement.
The Rhubarb Tree is a perfect example of a ‘lifestyle’ changing business with many loyal local customers as well those who regularly visit the village looking for something different.
The charming gift shop is warm and friendly with lots of gift ideas to choose from as well as cards, greeting cards, jewellery, celebration balloons, toys, seasonal lines and confectionery.
The store offers the following range -
- Balloons
- Greeting cards
- Belgian chocolates
- Christmas decorations
- Cog clocks
- Jewellery, scarfs
- Diffusers and candles, fragrance oils
- Home & Garden gifts
- Vases, thermal bottles, mugs, jugs, umbrellas
Currently the top selling lines are -
- Greeting cards
- Home & Garden
- Candles
- Balloons
- Seasonal gifts
Our client currently advertises on the following platforms -
- Own website
In line with other very good shops, knowing what suppliers work is key to the success of the business. Our client advises having the right stock in for key seasonal dates such as Xmas, Mother’s Day, Easter and Valentines attracts a significant increase in footfall.
All of the supplier details will be handed over to any new buyer.
Key selling points -
- Very desirable area
- Excellent supplier relationships
- Very loyal customer base
- Excellent rental terms
- Full business handover offered
- Opportunity to grow the online sales
- Priced to sell
We are advised that the business has 2 part-time members of staff.
The business hours are -
Monday – 10:00am – 4:00pm
Tuesday – 9:30am – 5:00pm
Wednesday – 9:30am – 5:00pm
Thursday – 9:30am – 5:00pm
Friday – 9:30am – 5:00pm
Saturday – 9:30am – 5:00pm
Sunday - Closed
The Rhubarb Tree occupies a desirable trading position on the High Street within the heart of Pangbourne, Reading.
The business is surrounded by a good selection of both independent retailers including an interior shop, a barbers, flooring shop, wine shop, estate agents, travel agency and hairdressers as well as key high street brands such as the Co-op.
Pangbourne is a large village and civil parish on the River Thames set within the picturesque county of Berkshire. It is located just 6 miles west of Reading which can be easily accessed via the A329.
There are several pay and display car parks within walking distance including Station Road car park which is located around the corner.
The mainline train station Pangbourne is located just two minutes’ walk from the store.
Ground floor -
- Retail display area
- Service counter
- Rear stockroom
- Kitchen/staff area
- Toilet facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is £1,250 per month and has £4,600 rates payable per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
