Successful Independent Card Shop in Ludlow

Ludlow, Shropshire
REF: INT1990

Asking Price:
£17,000
Annual Turnover:
£55,000
Annual Net Profit:
£13,000
Reduced
REF: INT1990
Photo of Successful Independent Card Shop in Ludlow

Overview

Tenure:
Leasehold
Established:
2015
  • Excellent Reputation
  • Well Equipped Business
  • Strong Supplier Relationships

The business for sale is a highly successful independent card shop located in Ludlow.

First established in 2015, the business has built up a fantastic reputation in the local area - boasting a 4.9-star rating on Google. Now with a large, loyal customer base – their main clientele comprises of a large number of local residents as well as a strong level of passing tourist trade.

With some competition in the immediate vicinity, this business stands out thanks to its core focus on quality and variety. Customers can browse a wide selection of high-quality items, such as cards, mugs, Italian handbags, fragrance lamps and other high ticket items. Their range of pop-up cards in particular has proven to be extremely popular.

Only for sale due to the current owner’s desire to retire, the business currently employs three members of staff with a management structure in place. This means that a new owner can be as hands-on or hands-off as they wish.

This is a leasehold opportunity with rent payable at a rate of £9,500 per annum. The business’s water bill is included in the price of the rent and the current asking price includes approximately £7,500 worth of stock.

Located in the popular Shropshire town of Ludlow, this business is situated next to (and is in fact part of) the famous Feathers Hotel. This provides a huge amount of passing tourist trade to the shop.

Situated on a bustling high street with complementary businesses nearby, customers benefit from nearby car parking for their convenience.

At street level, the shop is accessed via a shared entrance. A corridor, with a small card display, leads to the main retail area. With two rooms spacious in which to display products for sale, the premises also contain a counter and POS system. The property also boasts a kitchen area, ample room for storage and a toilet with a sink.

The vendor has advised they are willing to offer a transitional period, should it be required.

This is a fantastic opportunity for anyone in search of a busy, customer facing role within the retail sector.

As the current owner has prepared for retirement in recent years, a team of three staff members has been put in place to allow a more hands-off approach. Should a potential buyer wish, coming into the business as an owner operator would help reduce overhead costs and increase profit margins.

At present, the business has a very minimal online presence. Exploring more digital means of promotion, such as a website and social media, would help to boost awareness, drive more customers and increase sales overall.

Furthermore, the shop is currently only open Monday – Saturday. Extending the hours of operation to include a Sunday would help to attract more trade from the busy tourism community consistently passing through.

Features

Key Information

  • Products Sold: Cards

Reputation

  • Google: 4.9

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£9,500
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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