Reputable Gift Shop in Prime London Location, with E-Commerce

Covent Garden, London
REF: R06319

Asking Price:
£55,000
Annual Turnover:
£230,305
Annual Net Profit:
£16,468
REF: R06319

Overview

Tenure:
Leasehold
Established:
2002
  • Outstanding Trustpilot Reviews
  • Prime London Location
  • Excellent Investment Opportunity
  • Huge Scope for Growth
  • Wide Range of Niche & Popular Gifts

Founded in 2004, the business for sale is a retail shop recognised for its trade of specialty gifts, situated at the heart of London’s West End.

Retailing miscellaneous gifts, trinkets and home accessories, the business’s store location attracts custom from all over London. It is recognised as one of the first stores to sell ornate handmade collectibles by German manufacturer Goebel. Its other popular ranges include venetian masks, dolls and teddies, hand-painted teapots, clear and coloured crystal, crystal figurines, porcelain cats and many more souvenirs. Particularly popular is the niche metal and glass engraving service offered in store and online, for available on items in-store or pre-owned by the customer. All engraving is insourced by specially trained personnel. In addition, the online e-commerce store attracts those based beyond the UK Capital.

Now only up for sale due to the current owner’s lifestyle change, a new owner is able to benefit hugely from its exclusive products and wide customer base to grow the business further.

This business also presents a great opportunity to expand an existing similar business, with the significant advantage of substantial tax reliefs available from historic trading.

The business operates from inviting premises with glass cabinet and shelving displays featured throughout. The premises are oblong-shaped with a counter at the front which is utilised for the customer transactions. Directly neighbouring this, is the engraving machine, used for personalising products and is also included within the sale. Below the shop floor, is a store room which has racking for any additional stock not presently on display.

The business has successfully and actively nurtured relations with new manufacturers and suppliers acquiring gifts for all ages, tastes and budgets.

The gift retailer has also developed a strong online presence and successfully ships to homes, internationally: including to countries all across Europe, the Middle East and Asia. Most notably, the business now has a growing number of clients in Scandinavia, Australia, Japan and North America.

The current owner is willing to stay on for a period of three months if a transition is acquired.

There is plenty of scope for a new owner to grow the business. A new owner who is more hands on and can invest time in the business could really grow it. This is an opportunity suited to an individual or couple with a background in product/gift retail or an existing operator looking to expand into a prime location.

The business offers a wide range of recognisable, brand-name gift products. By increasing the range of gifts on offer the business could appeal to a larger groups of people. Introducing more advertising, special packages or a loyalty rewards scheme would also attract further custom.

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  • City centre location
  • High footfall
  • Tourist destination
Rent
£39,729
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
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Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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