Old Established Gift and Card Shop in South London For Sale

Situated in a parade, excellent main road trading position, close to schools, vibrant commuting hub, SW LONDON

Turnover £ 3,600
Price £69,500

Features

Established 1995 Gift Shop with Greeting Cards, Party, Balloons, & Fancy Dress

DOUBLE FRONTED PREMISES, in the region of 1,250 ft², WITH ELECTRIC SHUTTERS, CCTV (4 cameras), Carpet flooring, suspende ceiling with LED lighting.

Sales counter, electronic cash register, display cabinets, card spinners, card racked with drawers beneath, adjustable shelving, balloon section with heilium cylinder, etc.

Store room in the region of 275 ft², / Kitchenette.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,600 p.w. with a Gross Profit of 57% approx.

Staff

The business is at present operated by the vendor with family support.

Trading Hours

7 Day week
MONDAY - SATURDAY 11 a.m. - 6 p.m.
SUNDAY 11 a.m. - 4.30 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2025 £8,458 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote