Well Established Gift Retailer in Helmsley

York, North Yorkshire
REF: 02564

Asking Price:
£25,000
Annual Turnover:
£81,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02564
Photo of Well Established Gift Retailer in Helmsley
Photo of Well Established Gift Retailer in Helmsley
Photo of Well Established Gift Retailer in Helmsley
Photo of Well Established Gift Retailer in Helmsley

Overview

Tenure:
Leasehold
Established:
2010
  • Wide product range
  • Popular tourist area
  • Large and loyal customer base
  • Solid turnover with low overheads
  • Potential for further expansion

This is a fantastic opportunity to acquire a thriving retail business which has garnered a strong reputation since it began trading in 2006. Having amassed a large base of customers, the business has experienced consistent yearly growth and successfully catered for its local inhabitants. Through maintaining low overheads, it has generated a high annual turnover with healthy profit margins. A new owner is presented with a profitable platform to grow further and is available to purchase on a leasehold agreement.

Selling a wide range of products which include: Ladies knitwear & accessories, Home ware & Jewellery this business has cemented a solid reputation for providing a variety of high quality merchandise.

The business trades from a 170 sq ft unit within a stone-built building on a quaint street which provides easy front door access into the shop and features a country style appearance. Maintaining high levels of cleanliness and a tidy shop floor, the interior is comprised of bespoke fittings which display the wide range of stock.

A sales counter is positioned in one corner of the floor and is ideal for handling customer transactions and requests.

This business is well stocked and has established strong relationships with over 25 suppliers.

Intelligent Business Transfer are pleased to bring to the market this successful, owner-operated business which has been selling an assortment of excellent quality products to its local area.

Established over 10 years ago, the business has garnered a steady stream of customers which have allowed the business to generate an annual turnover in excess of £80,000.

A new owner is presented with a highly lucrative platform to overtake and could expand it further by implementing a number of changes which would undoubtedly help increase the revenue.

Such a company has massive potential which can be utilised by a new buyer. For instance, growing the supplier base to effectively add to the product range would appeal to a wider audience.

Establishing a strong web presence would also benefit the business and making it an e-commerce platform could potentially allow it to increase trade and attract customers from further afield. Embracing social media would also present benefits for the business and allow the business to successfully advertise and market on a larger scale.

Furthermore, selling its products at local art and craft shows and events would help increase revenue and boost trade.

The current owner is looking to retire and has enlisted the help of Intelligent Business Transfer to sell the business to a worthy individual, who will continue to provide a solid customer service and look for new ways to increase the customer base and revenue.

Location

Property

Annual Rent
£7,800
Annual Rates
TBC
Lease Term (Years)
2
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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