Sold
Large Independent Gift Retailer
Horsham, West Sussex
- Asking Price: £169,950 +SAV
- Turnover: 2016 turnover of £227,245 with a gross profit of circa 48%. Assets worth circa £20,000.Rates payable £5,000 per year.
- Tenure: Leasehold
Hilton Smythe are delighted to offer to the market Bearing Gifts to the open market. Established by our clients in 1999, the business is now offered for sale due to our clients desire to relocate from the area. The extremely successful business is one of the Southeast finest examples of an independent card retailer, gifts, party items, special occasion and chocolate specialists. The large shop offers a large selection of birthday, anniversary, special occasion greeting cards with all suppliers delivering direct to the shop. Our client attends 2 shows in Birmingham each year to source new products for the following year and a full handover on this ordering procedure will be handed to any new buyer. The array of gift items includes partyware, helium balloons, jewellery, bags, scarfs, soft toys, photo frames, candles, ceramic keepsakes, vases and ornaments. There is also a large display of gift wrap, ribbons and bows. The business also offers a unique range of Belgian chocolates, seasonal chocolate gifts and of course Easter eggs and Christmas treats. Our client prides herself on the large choice within the shop and this has ensured a very loyal local community customer base. The increasing popularity of the area will ensure new buyer capitalises on an increased footfall continuing to grow the current high turnover. Full handover offered.
Owner run with the help of three part time members of staff.
Monday to Saturday: 9am - 5.30pm Opportunity for Sunday trading as busy footfall.
Bearing gifts is situated on Lintot Square, Southwater nr Horsham, West Sussex. Positioned centrally in this purpose built 11 year old modern precinct which includes a popular florist, hair salon, restaurants, estate agents, doctors, busy Co-Op, pharmacy and takeaways. The area also benefits from a large central free car park. Close to Southwater library and leisure centre. Southwater is 5 miles south of the centre of Horsham an affluent residential area close to the Southwater country park. The precinct is directly off the A24 which connects south to Worthing and north to the A264 to Crawley and M23 motorway. Brighton is approximately 22 miles to the south and London 46 miles to the north. The increasing popularity has resulted in a multi-million pound investment into the infrastructure of the area including new roads and includes the development of 1700 new homes, two thirds of which are now complete.
Same level shop with wheelchair friendly front access, two large Georgian front windows. Main shop (right) includes - balloon spinner, 6ft slat wall display, acrylic shelves and hooks, 4 x 4.5 ft card racks, 2 ft slat wall and shelving, 2.5 ft card racking, 6 ft corner slat wall, 4 standalone glass display units with led lighting. Centre - 3 x 4ft card units and slat display ends, 4 x 4 ft card rack units with slat wall ends, gift wrap section, 4 x working CCTV cameras, air con unit with heating facility. Left - 4 x wooden display units into corner, 2 ft slat wall, 9 x wooden display units, 2 ft slat line, L shaped counter with till and card machine and under counter storage shelving, 4.5 ft chilled glass fronted cabinet for chocolates, double sided wooden display unit, 2 x free standing display units, 3ft cube units and a 4.5 ft tall display unit. Rear stockroom - includes desk, fixed wall shelving, floor mounted metal shelving units, small kitchen area, staff toilet and rear external exit. External - secure bin store and staff car parking space. Useful floor space of circa 90m2.
Tenure
Horsham council lease. Original lease is 12 years with 5 months remaining as of 2017.Renewable lease. (We are advised the current owner is liaising with the council to extend the lease to 3 years, negotiable to 10 – 12 years for the new owners if they wish). Rent is currently £23,000 per year.
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