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Popular Gift and Card Shop

Brighton, East Sussex

  • Asking Price: £34,950 +SAV
  • Turnover: Best Wishes generated an advised turnover of £80,745 in March 2017 accounts, with a gross profit of £39,715 and adjusted net profit of £16,161.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market Best Wishes.The business has been established over 30 years and run by our client since 2007 who has decided to sell now to retire and spend more time with family.The highly regarded business offers a large range of greeting cards, party goods, balloons, table centrepieces, celebration banners, candles, gift wrapping paper, gift key rings, jewellery, personalised champagne flutes, teddy bears, soft toys, gift bags and large range of wedding gifts. All cards are agreed on a ‘sale or return basis.’Our client informs there is a very loyal customer base from local residents, shop and business workers, commuters and visitors to the area. Currently there is no website or social media pages to increase awareness of the business including the online ordering opportunity.There is lots of additional storage space to the rear which could further developed to increase the current retail space or be utilised for online ordering, party planning.Hilton Smythe highly advise early viewing to avoid disappointment.

The business is run and managed by our client, with the help of 1 x part time member of staff.

Monday to Saturday 9.30am - 5.30pm An opportunity to open later and Sunday's.

Best Wishes Card Shop is located on the busy Boundary Road, Portslade in Brighton.The popular parade of shops includes many independent retailers, high street banks, a Boots chemist facing and a Tesco Metro with a multi storey car park which is only a few doors up. The business sits central to the Portslade seafront and Portslade mainline train station. Portslade is a vibrant area with lots of new housing been developed and only 5 miles west of central Brighton.Boundary Road connects north to the A270 and A293 which connects commuters directly to the A27 and A23 cross country link roads.

2 large full height window spaces with central door lead into open plan retail space which includes;• L shaped service counter includes; Epos till system, card machine, balloon gas canister, storage shelving.• 3 x Glass display units• Window display units • Display hooking systems to both the right and left walls • 10 x Rotating card stands• 2 x Glass sided cabinets • 2 x Display tables, 1 tall and 1 small display unit• Left, central, right and rear card display units • Perspex shelving • 4 x CCTV cameras• WIFI Rear storage area includes;• Staff kitchen and stockroom • Second larger stockroom • 2 x Staff toilets

Tenure
We are advised the business is been sold as a leasehold opportunity and originally there had been a 10 year lease in place which has now expired, however the landlord is eager to offer a new lease to any new buyer.Current rent is £13,000 per year.We are advised the business benefits from full small business relief and exempt from paying any rates.

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