Sold
Profitable Card and Gift Store In Town Centre
Sale, Greater Manchester
- Asking Price: £25,000 +SAV
-
Turnover:
The business generates an advised turnover of around £168,000 per annum, with a gross profit of approximately 48%, according to the 2017 accounts.
- Tenure: Leasehold
Heart to Heart is situated in the centre of the main shopping street in the heart Sale and is the only Independent Greetings Card shop in town. It’s great reputation for good quality cards, gifts, chocolate and service is known all over greater Manchester and north Cheshire with regular customers coming from all across the area.
Sale is about to start a major town centre regeneration which will bring in more customers, not just because the number of retail outlets will increase but because of the amounts of town centre dwellings that are being built as part of the adjacent Squares redevelopment plan.
This is a great location just off the A56 with many good road links. There is bus and tram service to neighbouring town centres.
The card and gift shop has been in the hands of its present owners for over 24 years who are now looking for a quick sale due to ill health. Due to this the refurbishment of the shop which has been started has been put on hold and the owners are willing to sell the business for £25,000 ONO plus SAV to affect an early exit.
The excellent reputation of this shop cannot be exaggerated too much, arrived at by its strong personal service.
The business is generating an advised turnover of around £168,000 per annum, with a gross profit of approximately 48%, according to the 2017 accounts. The revenue is generated from the sales of greetings cards, gifts and chocolate.
The shop had a Thornton’s chocolate franchise which the owners dispensed with at the start of 2020 as they feel that so much of the Thorntons product can now be bought in the surrounding supermarkets at cheaper prices and with the required refit costs it was no longer viable. To replace this Heart to Heart have introducing a new range of Belgian, Continental and English chocolates together with an expanded selection of gifts. All to compliment the large ranges of greetings cards currently sold. The fascia sign is due to be altered in early February taking down the old Thorntons section.
The card shop is currently open 6 days a week and closes at 5.00 pm, by opening on Sundays and staying open until 5.30 or 6.00 pm the business can increase sales, boosting turnover and profitability.
This is a brilliant turnkey business, perfect as a bolt-on or start up business, the shop comes fully fitted with a great reputation and has a guaranteed footfall in this town centre location.
The business is run and managed by the owners with the help of 3 part time staff.
The business opens:-
Monday - Saturday: 9am - 5:00pm
Sunday: Closed Except when the Market is on.
Heart To Heart is located in Sale, Greater Manchester.
The business is situated in a shopping centre in the town centre of Sale. This is a very popular shopping area with a fantastic choice of shops. In the shopping centre are large stores such as Argos, Boots, Pets Own, Bagz, New Look, Time 4 Bed, Wilko, Peacocks and many more. This is a great location for a card and gift store as there is always a heavy amount of footfall.
The shopping centre is located by the A56 which connects to the M60 and the M56. This is a great location with many good road links. There are plenty bus stops in the town centre which head through to surrounding towns. Manchester City Centre is approximately a 30 minute drive away, and can be commuted to easily via the public transport in the area.
The double fronted shop is accessed through double doors past the enclosed display window. There are perimeter and mid floor card racks and slat wall for the display of cards and gifts and towards the front of the sales area are two gift gondolas. To the right are the chocolate fixtures with the service counters located centrally with the Yankee Candle display just beyond.
To the rear of the premise is a small stock area and an office.
The premise has a first floor on which there is a further large stock room a smaller stock room and the kitchen, toilet and staff area.
On the second floor is another reasonably sized stock room.
Equipment included in the sale is as follows-
Card Racks
Gondolas
Shelving
Fixtures and Fittings
The store is well secured, and has an alarm monitored by Redcare. The windows and doors have metal shutters, the rear door is steel plated.
We believe the store could be expanded by using all of the ground floor as the main store.
CoGoGo highly advise early viewing to avoid missing out on this walk in trading opportunity.
Tenure
We are advised the business is leasehold
Original lease length 15 years
Current lease length 2 years
Review period 5 years
Rent £30,000 per annum but landlord has intimated that he may accept £25,000
Enlarge Map
