Business for Sale in Thrapston, Northamptonshire Card & Gift Shop

Key Information

Reference

BC34365SM

Tenure

Leasehold

Status

For Sale

Region

Northamptonshire

Sector

Gift Shops

Rent Payable

Currently £14,000 per annum.

Business Rates

Nil. We are advised that the business benefits from Small Business Rate Relief.

Accommodation

No

Business Information

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

ADDITIONAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

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PARTICULARS

INTRODUCTION

Coming new to the market, we are delighted to be able to offer you this busy and popular card and gift store, ideally located in the centre of the high street, in the bustling and expanding town of Thrapston.

Situated on the River Nene just off the A14 between Kettering and Huntingdon, the shop draws customers in from many miles around, being well known for its excellent range of greeting cards and unique gifts.

This is a great opportunity for someone new to continue on and expand the existing successful business, whilst putting their own mark on it. Given the desirable location and positioning of the shop we expect interest to be strong.

THE BUSINESS

The business has enjoyed a consistent level of turnover during the 15 years since the current owner established it, only dipping, as would be expected during the pandemic, but now returning to the levels previously enjoyed.

Stocking a full and extensive range of cards and gifts the shop can cater and provide for all customer needs in this regard and our client works hard to ensure that they offer a different selection of cards to other stockists in the area. Cards for all occasions are on display to browse and choose from, whilst gifts available include TY plush toys, Nordic lights, bespoke jewellery, Yankee and Woodwick candles, picture frames, helium balloons and other such items that one would normally expect to find in such a shop.

Whilst providing this comprehensive selection of products to customers coming into the shop, we feel that there is scope to increase turnover further by providing an online offering via a dedicated business website.

PREMISES

As stated the premises are in a prime spot in the centre of the high street with public parking in front where customers can pull up. The business is to be offered with the benefit of a new lease subject to terms being agreed with the landlord, but which have been initially indicated to us. EMF will be able liaise between the parties in this regard to assist in ensuring an agreement can be reached.

Entering into the shop with it’s full height glazed frontage you find a bright and welcoming retail area which measures approximately 14.19m long by 4.42m wide. It has been well fitted out with a central card display with drawers under for storage. The walls to either side and to the rear also have a range of different display units and shelving, whilst the customer service counter can be found to the front.

Through a door to the rear of the shop there is a small office with sink, wall and base units and with a further two doors off providing additional storage and a w.c.

We are advised by the vendor that they currently rent some additional storage space in a neighbouring property and they understand that this arrangement is likely to be able to be continued by a new owner should they so wish. There is not though a requirement to take this space if it is not required.

We understand that a new lease will be granted subject to the consent of the landlord to the proposed new owner and to terms being agreed. We have been provided with an indication of what terms for the new lease would be acceptable and full details can be provided upon request.

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ADDITIONAL INFORMATION

REFERENCE NUMBER: BC34365SM.

OPENING HOURS: 9:00am to 5:30pm Monday to Friday. 9:00am to 5:00pm Saturday. Closed on Sunday.

TENURE: Leasehold. We understand that a new lease will be negotiated with landlord on terms to be agreed however it has been suggested that a 12 year lease could be provided.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

RENT PAYABLE: Currently £14,000 per annum.

RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: 3 part-time staff at the time of take on.

EPC: The Energy Performance Certificate shows a rating of ‘B’ and a score of 40.

PRICE: £54,950

For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.