Cake Decorating and Gift Shop in Kent For Sale

Situated in a Parade, excellent trading position, residential and commercial area, Kent.

Turnover £ 3,500
Price £49,500

Features

Cake Decorating, Cards, Gifts and Party Balloon Shop

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 1,000 ft² WITH SHUTTERS, Carpet tiled flooring, suspended ceiling with tube lighting.

Sales counter, 2 electric cash registers.

Central display gondola, adjustable shelving, display cabinets, multiple spiners, printer, card racks with drawers beneath, slat wall display system, helium cylinder, etc.

Stock room with fidge.

Staff toilet with wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. Gross Profit 51% Sales year ending 2023 £167,430, G.P £84,785.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week

MONDAY - SATURDAY 9 am - 5 pm

Outside

Small garden to rear, shared use with flat above.

Bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £9,750 p.a. with a break clause after 3 years (2026) and 5 years (2028)

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote