Longstanding Gift Shop in Birmingham * Offers Considered *

West Midlands
REF: R06819

Asking Price:
£49,950
Annual Turnover:
£111,979
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: R06819
Photo of Longstanding Gift Shop in Birmingham * Offers Considered *
Photo of Longstanding Gift Shop in Birmingham * Offers Considered *
Photo of Longstanding Gift Shop in Birmingham * Offers Considered *
Photo of Longstanding Gift Shop in Birmingham * Offers Considered *

Overview

Tenure:
Leasehold
Established:
1895
  • Excellent Reputation
  • Huge growth potential
  • Accommodation Included
  • Friendly & Professional Team

The business for sale is a well-established, multifaceted gift shop situated in a busy area of Bournville, Birmingham.

Operating out of a listed building, the business is in an idealistic location, on a Village Green next to Cadbury World which gains traction for tourism in the area.

Selling an array of goods including stationery, greeting cards, children’s toys and fresh cut flowers since 1995, the business has experienced exceptional growth, appealing to a large, local market. Offering a friendly, welcoming service, the shop is recommended for its personal approach, able to help customers find exactly what they’re looking for.

Upon purchase, a new owner would take over a highly-organised shop and team of trained staff in order to continue business as usual.

Operations run from a sizeable premises, with customers entering via its main road entrance. Beautiful bouquets are arranged outside the store which instantly gives the shop an appealing aesthetic. Upon entering, customers notice the ordered layout, with toys, cards and gifts all organised into sections throughout the shop. To the right is a customer counter, whilst a prep room used for flower arranging lies to the rear and a fully racked basement is used for storage. The shop is also completely equipped with air conditioning; ideal in the summer for keeping stock.

A staircase leads to a 3 bedroom flat above the shop, complete with a kitchen, bathroom and lounge, as well as a large garden and orchard area which can be enjoyed in the summer months. A fully-functioning barber shop also lies behind the flower shop, which would also be rented out for an additional stream of income.

The recent transition towards supporting independent businesses UK-wide, rather than large chain names, makes this successful gift shop an ideal asset for any new owner.

Well-suited to a first-time shop owner looking for a manageable business, the new proprietor could take steps to develop the business to boost profit. Operations have been limited at present due to the owner’s ill health, providing a new owner with scope to scale up their workload if desired. This could be done by taking on contract work and reintroducing the flower relay service to gain additional revenue.

The existing owner is willing to stay on for a transitional period to hand the business over smoothly.

Features

Online Presence

Website: www.louiseofbournville.co.uk/

Location

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  • High Footfall
  • Limited Competition

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
C 51-75

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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