Superb Retail Gift Shop in Chichester, West Sussex

Chichester, West Sussex
REF: R06868

Asking Price:
£25,000
Annual Turnover:
£148,890
Annual Net Profit:
TBC
REF: R06868

Overview

Tenure:
Leasehold
Established:
2012
  • Great variety of cards and gifts
  • Located on a busy high street
  • Up to date social media presence
  • Popular tourist attraction
  • Prime location

This is a fantastic opportunity for the right buyer to take on a gift shop in the West Sussex area. The shop is fully stocked with local and UK souvenirs as well as popular mainstream brands like Jellycat and Terramundi.

The shop is situated in a prime location attracting a heavy footfall to and from a busy pedestrianised area. It also has a presence on Facebook and presents an opportunity for online trading in the future.  

Open every day from 9am to 5.30pm with shorter hours on a Sunday, the shop attracts both locals and tourists, making a considerable amount of its' revenue in the lead up to Christmas. The business on sale is on a leasehold basis.

Customers are welcomed to the store by a well-presented display of gifts, such as TV and film memorabilia, gardening gifts and more. The open plan shop floor allows for the customer to browse the premises easily. Gifts are arranged in sections so that potential customers can clearly see everything in a range in one place. The displays lead to the card department at the rear of the shop. The property benefits from a useful storage cellar storage for extra stock.

The owners also currently advertise their stock on Facebook with the opportunity to expand their social platforms. In addition, the shop has a YouTube video clip which proudly displays its shop floor fully stocked. The shop opens every day 9 am-5.30 pm, with shorter hours on a Sunday. The vendor estimates that 70% of the clientele is local and 30% is from tourists. Their reputation in the area boasts their unusual cards and gifts, making for a unique experience.

The current owners sell a mixture of independent greetings cards and gifts. Card brands include a range from Five Dollar Shake to Woodmansterne and Dean Morris (with lots in between). Gifts include Jellycat, Terramundi pots, miniature guitars (both exclusive in the City), Lolita and Sunny by Sue decorated glasses, Quail ceramics, Byzantium jewellery, Victoria & Albert gardening gifts. The shop also boasts a good range of TV and film memorabilia. In addition, apart from the Cathedral gift shop - which has a limited stock, the shop is the only supplier of local souvenirs in the City.

The future buyer could utilise Pinterest to attract a wider clientele and effectively help to increase turnover. The ideal buyer for this new sale would be a gift shop owner from another town looking to expand. This shop could also be an excellent opportunity for a local couple interested in a start-up or first entry into a business.

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  • High street location
  • Close to city centre
  • Popular tourist spot
  • Good public transport links
  • Complementary businesses nearby
Rent
£34,000
Rates
£9,580
Lease Term
15
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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