Well-Equipped & Popular Gift Shop in Lincolnshire

Louth, Lincolnshire
REF: INT1734

Asking Price:
£45,000
Annual Turnover:
£93,292
Annual Net Profit:
£24,000
Reduced
REF: INT1734
Photo of Well-Equipped & Popular Gift Shop in Lincolnshire
Photo of Well-Equipped & Popular Gift Shop in Lincolnshire
Photo of Well-Equipped & Popular Gift Shop in Lincolnshire
Photo of Well-Equipped & Popular Gift Shop in Lincolnshire

Overview

Tenure:
Leasehold
Established:
2010
  • Excellent Reputation
  • Friendly & Professional Team
  • Equipment Included
  • Strong Supplier Relationships

This is a unique opportunity to acquire a well-equipped and highly popular gift shop, which has a prime location in the bustling market town of Louth, in the heart of the Lincolnshire Wolds.

This long-standing business was first established in 2010 and has grown significantly since its creation, whilst also gaining an excellent reputation and a loyal customer base in the local community.

The shop prioritises providing their customers with an extensive and unique range of beautiful gifts, including stunning handmade jewellery, adorable children’s clothing, attractive toys, lovely home décor, and much more.

The most popular brands in stock are sought-after companies, such as Wrendale Designs, Gisela Graham, Sophie Allport, Hultquist, Pilgrim, and Joma Jewellery, just to name a few. Due to this large offering, the shop has the perfect gifts to suit all occasions and a wide variety of tastes.

Over the years, the shop has developed excellent relationships with the suppliers of their quality products, which could normally be hard to attain for a new buyer.

With huge potential for growth and equipment included, this successful business would be the perfect opportunity for someone enthusiastic, who would enjoy helping customers find beautiful gifts. The business is for sale on either a leasehold or freehold basis. Please note the figures advertised are for year end 2019.

The business has a prime location in the busy Georgian market town of Louth, with plenty of parking nearby. The brilliant spot also benefits from good transport links and high passing footfall, which should ensure lots of trade for the new owner. The stylish shop has an attractive Scandinavian feel, which reflects the current owner’s Swedish roots. The main shop is all based on one level, with a large, spacious area upstairs for stock.

All equipment will be included in the sale, meaning the new owner can get to work straight away following the acquisition.

The current owner is happy to offer an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This fantastic business would be an ideal opportunity for someone enthusiastic, who has a passion for beautiful items and would enjoy helping customers find the perfect gifts.

There is huge potential for growth with this business, as there is a massive opportunity to develop a website. The business could then also take online orders, creating an extra revenue stream from e-commerce sales. This could be a brilliant way for the business to expand and attract further trade.

The business already has a popular Facebook page with over 1,500 followers. This acts as an excellent sales window for the business and it would be highly beneficial if the new owner continued to utilise and optimise this online channel, alongside creating some additional social media pages.

Features

Online Presence

Website: www.annikas.co.uk

Location

  • High Footfall
  • Nearby Car Parking
  • Good Transport Links

Property

Annual Rent
£5,760
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Year)
2024
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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