Sold
Independent Bookshop In Wantage For Sale
Wantage, Oxfordshire
- Asking Price: £39,950 +SAV
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Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £103,000. Full financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B07141
CoGoGo are delighted to welcome to the market Madhatter Bookshop, a highly rated independent bookshop in the heart of Wantage, Oxfordshire.
Madhatter Bookshop was established by our client in 2016 and has built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to retire.
The business sells new books to suit all tastes, and are adept at sourcing hard to find books for customers. They are also home to Jude’s Antiques which stock beautiful things to enhance any household. They also specialise in greeting cards.
Key selling points -
- The shop has extensive engagement with the local community, with opportunities for selling books at events in the Library, the Wantage Literary Festival, local author book launches and local schools.
- Large car park with 2 hours free parking within 100m of the shop.
- Unique corner location of the shop means good footfall from people moving between the Market Square and the retail park.
- Lots of bookselling support available from The Bookseller Association and the online community of bookshops.
- Potential increase through improving online profile.
- Social media currently not being used, website not being promoted.
We are advised that the business is run and managed by our client.
The current business hours are -
Monday – 9:30am – 5:00pm
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 (Open Sundays in December)
Madhatter Bookshop is located on Mill Street, in the heart of Wantage, Oxfordshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Wantage is a thriving market town and there are large numbers of new houses being built in the area, increasing the customer base.
Occupies a double fronted corner premises on a busy high street.
Ground floor -
The space is divided into two sections by the layout of the building. The front section contains adult books, both fiction and non-fiction, greetings cards and antiques. Two of the walls are lined with bookcases, there is a freestanding rectangular bookcase gondola, a large display table, open shelving down the window side for display, storage drawers at the base of these shelves, a desk with till and barcode scanner. There are 2 freestanding rotating card displays. There is racking for gift wrap display by the till.
The rear section is used for children’s books – walls lined with bookshelves, display table in the middle. Door at rear through to toilet. The shop side of this door is used for further greeting card display. The door in the wall is to a shallow cupboard the full height of the shop.
Tenure
We are advised that the business is being sold on a Leasehold basis, with rent at £12,000 per annum. A new buyer would have to negotiate a suitable length of lease with the landlord.
The service charges are £552 per annum. The landlord cleans the shop windows monthly and disposes of all rubbish.
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