Open to Offers for Quick Sale
Hilton Smythe welcomes to the market Thoughts. The business was originally established in 1981 by our client. This is a family run business that has been a great success in this location. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement.
The business runs as a cards and gift store but also offers some newsagents products. The store has an excellent variety of stock, this includes lottery, parcels, greeting cards, birthday gifts, seasonal presents, toys, handbags, stationery, ice cream, confectionery as well as seasonal stock. Newspapers are also on sale. A delivery service could be re-introduced.
The business generated a turnover in the region of £125,027 as of the 2016 accounts, with a gross profit of circa 18%. This is a healthy turnover with the potential to be increased. The new owner could look to extend opening hours to allow for more custom each day. The introduction of alcohol and groceries would also allow for more sales.
Above the store is a large space which would be perfect for a flat, subject to the correct planning permission. This space is currently used for storage. The flat could be used by the purchaser or let out for a monthly income. This would allow for lower overhead costs for the purchaser.
This is a fantastic Leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 20 years
Remaining lease length: 10 years as of 2016.
Rent: £16,500 per annum
HOURSThe business opening hours: -
Monday - Saturday: 7am - 5:30pm
Sunday: 7am - 1pm
STAFFThe business is run and managed by our client, with the help of family plus casual members of staff.
FINANCIAL PROFILEThe business generated a turnover in the region of £125,027 as of the 2016 accounts, with a gross profit of circa 18%.
Thoughts is located in Benfleet, Essex.
The business is situated on a busy high street location. The property is next door to a library, Co-Op, Wimpy and there is a large Harvester restaurant directly facing. This is a great main road location that benefits from a generous amount of footfall and passing trade.
Benfleet is 30 miles east of London and is north of Canvey Island. Basildon and Southend-On-Sea are just a short drive away from the area.
The A13 and the A130 are close by, these are main A-road in the area. As well as generous road connections, the area also benefits from public transport. There is a bus stop directly outside the property with regular daily routes into Basildon town centre. The closest train station is a 15-minute drive away.
Thoughts is a well-signed property with The Times branding. The property is in a central position on a busy high street. The property has a window across the front, this allows for a bright interior. The window is also used for eye catching window displays.
There are six different areas with bespoke shelving around the perimeter and through the centre of the property. A greeting card display runs across one wall. This is a large store that is well laid out. The shop is equipped with-
Glass fronted drinks chiller
Glass topped ice cream freezer
Fixed counter with large gantry
6 x camera CCTV
EPOS till system
Varied range of shelving
Rear entrance of the shop leads from a large free carpark which is shared with the new Aldi store.
Above the store is a large storage space, this could be converted into a flat if required.