Business for Sale in Deal, Kent LONG-ESTABLISHED RETAIL BUSINESS IN DEAL ON THE KENT COAST

Leasehold Price £55,000

Key Information

Reference
M35174Z
Tenure
Leasehold
Status
For Sale
Region
Kent
Sector
Retail Businesses
Annual Sales
£300,000.00 Exc. VAT
Accommodation
No

Business Information

The shop is located in Deal, a popular and historic town on the east coast of Kent approximately 7 miles north of Dover and 17 miles to the east of Canterbury. It is situated in the heart of the town centre in a prominent position on the pedestrianised section of the High Street. Other nearby occupiers include national multiples such as Boots, Starbucks, Holland & Barrett, Costa Coffee and Mountain Warehouse, as well as a wide variety of other independent local retailers.

Fitted and equipped to a high standard throughout, the shop is approximately 2000 sqft in size with generous retail space and storage facilities to the rear. John Roper is a long-established and well-known business in the Deal area having been in the present ownership since 1995. The shop sells a wide range of products including greetings cards, calendars, stationery, toys, games, plushies, jigsaw puzzles, scale model kits, artists materials and local books.

Currently trading Monday to Saturday 9.00am – 5.00pm, accounts for the financial year ended 30th June 2023 show Annual Sales of £300,713 with an excellent Gross Profit Margin of 50% (£150,243). At present, the owners do not work in the business and it is entirely staff run thus allowing new owners the flexibility of deciding how much they wish to be involved in the business on a day-to-day basis. Clearly, there is great potential to substantially increase net profits if new owners choose to work in the shop themselves.

With the success and popularity of the existing business, new owners could simply take over the business and start earning from day one. However, there is clear potential to increase sales, perhaps through supplementary online retail, extending the shop opening hours and/or trading 7 days a week. Offered for sale with the benefit of a new 10-year FRI lease, this is a special opportunity to purchase a long-established, independent retail business in a desirable coastal location.

LEASEHOLD £55,000 + Stock at Valuation   REF: M35174Z

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