Sold
Well established Card and Giftshop business for sale
Hornchurch, Essex
- Asking Price: £52,000 +SAV
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Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £180,000. Full financials can be made available upon further request.
Please quote reference B06404
- Tenure: Leasehold
Please quote reference B06404
Hilton Smythe welcomes to the market The Card Company. A well established and highly rated card and partyware shop located on a busy shopping parade, providing an abundance of footfall.
The business was established over 26 years ago and is very well known in the area, seeing a high level of repeat trade along with the vast array of shoppers.
The card company holds a large element of stock, clearly displayed throughout with products including greeting cards, seasonal gifts, mugs, the very poplar range of party balloons and trinkets.
The 2020 figures for the business reported a generous turnover of £180,000. The business expects the turnover to increase significantly in 2022.
The current owner took over the business with the intention of moving the post office into the premises, discussions started, and our client was mid-way through the application when covid hit. If the purchaser wishes to pursue this option our client is offering advice on the process.
The premises have living accommodation upstairs, which has a separate entrance, before our client took over this was rented out at £1,100 pcm. Therefore, there is potential to generate an added income of £13,200 pa should the purchaser desire.
Hilton Smythe highly advise early viewings to avoid disappointment.
We are advised that the business is owner run and managed, with the help of 2 full-time members of staff.
The business hours are -
Monday – 9:00am – 5:00pm
Tuesday – 9:00am – 5:00pm
Wednesday – 9:00am – 5:00pm
Thursday – 9:00am – 5:00pm
Friday – 9:00am – 5:00pm
Saturday – 9:00am – 5:00pm
Sunday - Closed
The Card Company is located on High Street, Hornchurch. Surrounded by a wealth of complimentary shops and businesses.
The location is within a price shopping precinct and benefits from heavy footfall all year round.
Hornchurch is easily accessible via public transport with ample bus stops within the proximity along with the train station with Emerson Park station just a 10 minute walk away.
The business is just a 10 min drive to the M25 via the A127.
The Card Company is located within a large mid terrace property with excellent eye-catching signage.
The shop floor has perimeter card displays with storage drawers, ample slat wall panelling and display cabinets.
The counter has rear display and storage with a large storeroom to the rear.
On the 1st floor is the self-contained flat with fitted kitchen and 3-piece bathroom, this could be used as living accommodation or rented to a tenant.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 8 years remaining on the 10 year lease. The rent is £2,583 per month.
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