For Sale

Long Established General Store, Newsagents & Gift Shop

Richmond, North Yorkshire

£350,000 +SAV

Ref: 14391 A

Contact sales negotiator

Kai Pollitt-Parry

01204556311

Email Kai Pollitt-Parry

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Description

Hilton Smythe welcomes to the market the busy and long established The Gift Shop.

This excellent family business has been owned by our client for over 7 years and has been established for at least 50 years. Our client is reluctantly selling for family reasons.

The name of The Gift Shop does not reflect the full nature of the business. The business has been developed by our client and now operates as a Newsagents, Off Licence and Village Store as well as a Gift Shop. It sells newspapers, magazines, wines and spirits, gifts, ice creams, hot and cold drinks, household items, greeting cards, groceries, confectionery and freshly made sandwiches.

The business has good signage and has good retail units and shelving maintained by our client to a high standard. The fittings and décor are of a good standard. The business has an excellent reputation with a high level of repeat customers as well as tourist and walkers trade.

This freehold lifestyle business is sold with an excellent character, 4 bedroom, family accommodation.

The business has several good options to expand including running part of the premises as a café (as previously), letting out rooms to other businesses, operating a bakery from the premises, pushing alcohol sales and increasing hours.

This is a tremendous opportunity for a new owner to buy and develop a long established and profitable multi-facet business, with lovely family accommodation in a stunning location and with genuine potential.

The asking price has been reduced to facilitate an early sale.

Tenure

Freehold

We are advised that the premises are of Freehold tenure.
Business rates are exempt.

Hours

7.30am to 5.30pm every day.

Staff

The business is run by the owner with 3part time assistants.
The wages bill is approx £15000 pa.

Financial Profile

We are advised that sales shown in the 2016 Accounts are £259,963 with a gross profit in the region of 21%.
The 2017 Accounts are expected to be similar.

Location

This long established General Store/Newsagents/Off Licence/Gift Shop is located in the lovely historic village of Reeth about 11 miles west of Richmond in the Richmondshire district of North Yorkshire.

There is a weekly market and the village is considered to be the principal settlement of Upper Swaledale in the stunning Yorkshire Dales.

Set in the middle of of a most attractive row of residences and businesses, the cottage property looks over a cobbled forecourt and the village green and is surrounded by spectacular scenery and stunning panoramas.

There are good parking facilities in the area including free parking on the cobbled forecourt.

Premises

Beautifully presented frontage with clear signage circa 178sq m.

The business sits within a row of very attractive cottages.
This well stocked shop is accessed from a front cobbled area, with several picnic tables outside to enable customers to take advantage of the spectacular views.

The entrance door leads to a busy well stocked shop with L shaped counters, drinks fridge, freezer and display units and shelves.

There is small kitchenette to the side. From the kitchenette is access to a large lower cellar used for storage.

Internal steps from the shop lead to a large catering kitchen with ice cream maker and 4 freezers; storage space and a small bedroom (presently used as an office).
There is also access from a side door with steps.

An internal staircase leads to the 1st floor comprising a fully fitted, modern dining kitchen; double bedroom with fitted wardrobes; modern 3 piece bathroom with shower over the bath and a large attractive lounge (previously used as a café with spectacular views).

On the 2nd floor are 2 large single bedrooms (one with en suite toilet and storage area the other with an airing cupboard).

This cottage property is deceptive in size with all rooms being large and spacious. The living accommodation is carpeted throughout.

The property has the benefit of oil central heating; secondary glazing; electricity and water. There is no gas.

The sale includes the shop counters, till, drinks fridge, ice cream freezer, ice cream maker, 4 commercial freezers, microwave, shelves and retail units. ( a full inventory will be provided upon sale ).

Our client values these assets at approx £10,000.

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