Business for sale

Business description

Advent Business Sales is pleased to offer to the market this niche pottery and gifts retailer based in a modern shopping centre in Warwickshire.

The business, which was established by the vendor is only now being reluctantly offered for sale due to family ill health.

The shop offers many famous and very collectable pottery items by names such as Anita Harris, Dartington, Babbacombe, Honiton and Janice Tchalenko and prides itself on selling one off products that are not available elsewhere.

They also stock natural skin care products, hand made cards, bonsai trees, paintings by local artists, lighting, rugs, costume jewellery and house ware.

The business benefits from a growing level of repeat business due to the owners excellent reputation and location. The customer base is mostly local but tourism is growing steadily and now accounts for approximately 10% of trade.

The business is staffed purely by our vendor and achieves its current sales levels with no advertising whatsoever with most new trade coming via personal recommendation.

The premises are decorated to a very high standard with a new purchaser being able to trade from day one with no further work to do.

We are advised that stock is approximately £5,000 at cost.

TRADING HOURS
Mon – Sat: 9am – 5.30pm
Sun: closed
EXPANSION POTENTIAL
There is excellent potential for growth including product sales by the internet, local advertising and pottery and art lessons in the shop.

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Weekly sales: £600
Gross Profit: 50%

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

BUSINESS PREMISES
An attractive ground floor lock up premises located in the centre of a shopping arcade but only a stones throw from the city centre itself with its myriad of shops. It has the added security of a roller shutter to the main window.

Ground floor with a large attractive double window display with side entrance door leading into the main sales area with 3 glass display cabinets, side racking, centre wooden display, tills and counter to rear of shop. W/c, kitchen area and rear access.

Attractive laminated floor throughout whole shop was totally refurbished only 6 months ago.
TENURE: Leasehold
Original lease: 5 years
Remaining lease: 4.5 years
Review every: 5 years
Rent: £12600 per annum

We are advised that the annual business rates are currently: TBA