Status: Completed
Tenure: Freehold
Turnover: £70,000
Busy Gift Shop in Hessle, East Riding of Yorkshire For SaleBusy Gift Shop in Hessle, East Riding of Yorkshire For SaleBusy Gift Shop in Hessle, East Riding of Yorkshire For Sale
Offers Over £150,000
£150,000 + SAV

Busy Gift Shop in Hessle, East Riding of Yorkshire For Sale

Completed
  • Reference: 12691 B
  • Location: Hessle, East Riding of Yorkshire
Offers over £150,000

Hilton Smythe is delighted to welcome to the market this well established and popular gift shop, which is ideally located within the Town of Hessle in the East Riding of Yorkshire.

The business was established by our clients in 1992 and is only now being offered to the market due to our clients' other interests. The business currently operates 6 days per week and generates a turnover in the region of £70 ,000 per annum, with a gross profit of approximately 47%.

Our clients offer an extensive and varying range of affordable gifts for birthdays, weddings, anniversaries, christenings and other special occasions. The property is set over two floors and boasts over 64 sq. metres of floor space, with the main shop to the ground floor and three separate stock rooms to the first floor.
The business has built up an excellent reputation within the area for the very high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade with word of mouth recommendations.

We feel there is scope for the new owner to increase the turnover by introducing a modest marketing campaign to highlight the excellent goods and service offered. The business would also benefit from the launch of a website to advertise the business, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Freehold.

HOURS

The business is open:

Monday - Saturday: 9.30am - 5.00pm
Sunday: Closed

STAFF

The business is owner run and managed with 1 x full time staff member.

FINANCIAL PROFILE

The business generates a turnover in the region of £70,000 per annum, with a gross profit of approximately 47%.
Cottage Gifts occupies substantial two storey premises, ideally located within the quaint town of Hessle in the East Riding of Yorkshire. The business is situated on Prestongate, a very busy pedestrianised street, and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall. The business further benefits from good car parking facilities within the area.

Hessle is a town and civil parish in the East Riding of Yorkshire. According to the 2011 census, the town had a residential population of 15,000. Hessle is home to the world famous Humber Bridge, which was opened by Queen Elizabeth II in 1981, which was, at the time of its opening, the world's longest single span suspension bridge in the world. The centre of Hessle is the Square. There are many shops and a small bus station - which was refitted in 2007.

The area of the business is well served by the public transport system, with the bus station being just a minutes' walk away. Hessle railway station is just a 10-minute walk away. The area is also well served by the A-roads, with both the A63 and A15 being within easy driving
distance, which link to the national A-road and motorway networks. Hull is approximately 6½ miles away and Scunthorpe is 18½ miles away.
Substantial two storey premises. The old building was demolished and totally rebuilt and extended circa 1988 and our clients then purchased the property in 1995 which is situated in an ideal town centre trading location, briefly comprising:

Ground floor:
Main shop entrance from street.
Bespoke serve over display counter with electronic cash register and credit/debit card terminal.
Glass display units.
Bespoke racking and shelving units.
Perimeter shelving.
Greeting card and wrapping paper display unit.
Stairs leading to first floor.
Stock room to rear, housing the safe.

First floor:
3 x separate stock rooms, one of which houses some kitchen facilities and a WC.
Equipment included:
6 x large double glass display cases.
2 x carousel display stands.
Serve over counter with glass display.
Wall mounted display cases.
Greeting card/wrapping paper display unit.
All general fixtures and fittings.

External:
Well signed.
Fully alarmed.