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
Photo of Successful Independent Card Shop in Ludlow
Photo of Successful Independent Card Shop in Ludlow
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
XXXX
Management Structure
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Number of Employees
XXXX
Current Ownership
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