* REDUCED * Traditional Sweet Shop in Castlegate

Knaresborough, North Yorkshire
REF: R06797

Asking Price:
£10,000
Annual Turnover:
£23,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: R06797
Photo of * REDUCED * Traditional Sweet Shop in Castlegate
Photo of * REDUCED * Traditional Sweet Shop in Castlegate
Photo of * REDUCED * Traditional Sweet Shop in Castlegate

Overview

Tenure:
Leasehold
Established:
2014
  • Low Overheads
  • Well Equipped Business
  • Huge growth potential
  • Excellent Reputation

This is an unmissable opportunity to take on a traditional local sweet shop in the heart of North Yorkshire,

Trading since 2014, the business has experienced high levels of trade due to its niche offering of quintessentially English confectionary and other sweet treats. With no other stores in the area with the same offering, the business receives brilliant levels of trade, creating a steady turnover and a widely-known reputation in the local area.

The new business owner would acquire a well-equipped premises in a popular tourist destination to continue running operations effectively.

Retailing a huge range of traditional sweets, as well as local ice cream and freshly-made crepes, the shops has gained a base of regular customers, comprising local school children, families and tourists. Managed full-time by the owner, overheads are kept low.

Operating from a large premises, customers immediately notice the colourful array of confectionary displayed in jars and tubs which line the shop walls. To the right is a small room containing fridges, a crepe machine and ice cream smoothie machine. A sizeable customer counter and till is situated towards the rear of the main room.

With no website or advertising initiatives in place, the business has generated a steady income as a result of its prime position within the town and reputation for traditional offering which especially appeals to tourists.

This is a fantastic chance to take on a local sweet shop which benefits from ample trade and an affluent location on a busy high street of Knaresborough.

Ideal for a current shop owner looking to expand their portfolio, or someone wishing to take on an easily manageable business, the new owner could potentially grow the business if they so wished.

Increasing its variety of products, offering other consumables, would be a great way to boost profit. Creating an online presence through social media and a fully-optimised website would be hugely beneficial in gaining more exposure. This could be combined with online sales, creating gift packages and introducing special offers.

The current owner is willing to provide a handover of day to day business operations to allow the new owner to settle in smoothly.

Location

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  • Limited Competition
  • City Centre Location
  • Close to Local Businesses

Property

Annual Rent
£6,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
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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