For Sale

Long-Standing Bespoke Gift & Balloon Business

St Andrews, Fife

£10,000 +SAV

Ref: B04518

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe are delighted to bring to the market on a Leasehold basis.

An excellent opportunity to acquire a well-established long-standing bespoke gift & balloon business with an enviable local reputation, located in one of Fifes most popular coastal towns.

Occasions has been trading for many years in its current location and has been under the careful and meticulous ownership of our client for the last 5 years.

Occasions is only now being offered to the open market for sale as it’s our clients desire to pursue another business interest, after many successful years of trading.

The business prides itself on offering quality greetings cards, novelty balloons and unique gift ideas.

The business has an impressive number of regular customers many of whom are known by the current owners, who are popular and well-respected members of the local community.

We feel that there is fantastic scope to increase the turnover for this business by undertaking,

• Robust, localised marketing campaign
• Promotion of the dedicated website to promote the existing business Potential E-commerce side to the operation
• Attending wedding fairs
• Introduction of a florist to compliment the business
• Possible revised opening hours, all which may help increase turnover

A fantastic opportunity to purchase this well-established, long standing business with a fantastic reputation.

Tenure

Leasehold

We are advised that tenure is offered on a Leasehold basis with a current annual rent of £25000 per annum.

Original lease was 25 years with 20 years remaining.

Hours

The business currently operates Monday to Saturday 09:30am to 5:30pm

Staff

The business is run and managed by the current owners & 1 part time staff member.

Financial Profile

The Business has reported a gross annual turnover in the region of £97,000.

Location

The business is situated in a prime trading location on the busy & popular Market Street in the world-famous town of St Andrews.

Occasions is surrounded by a wealth of complimentary independent and national retailers, leading to a good level of footfall & passing trade.

St. Andrews is one of Scotland's most ancient towns, dating back to the 12th century. It is located on the banks of the River Tay and is renowned as the birthplace of golf and home to Scotland's oldest university that has an enviable worldwide reputation.

The town is rich in history along with tradition whilst offering a uniquely Scottish adventure as a popular tourist destination of choice.

The area is surrounded by breath-taking scenery, championship golf courses, and historic sites along with a rich seafaring heritage. ST Andrews is extremely well serviced in terms of local amenities with a number of educational facilities including primary, secondary schooling along with its university of further education, a fine selection of retail facilities, restaurants, independent shops and leisure facilities.

The town further benefits from excellent public transport links making travel to all other parts of Scotland accessible with ease.

Premises

The business occupies the ground floor of a terraced retail unit and briefly comprises,

Window and glazed door to front creating a light, airy and inviting interior.
Nicely presented shop that has been cleverly designed to maximise the space available.

The main shop has extensive wall mounted displays and centre standing display area allowing for easy movement, & service counter / till payment area located to the front.

To the rear of the shop can be found further storage, small kitchen area and staff w/c.

The business is well signed and easily visible to passing trade due to the prominent location on Market Street within the town of St Andrews.

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