Property description
A profitable gift shop business in the heart of Lynmouth - the jewel in the crown of the Exmoor National Park. As a going concern, with stock included£28,000. Or from £12,500 for premises only.
Established just over a year ago by a successful local trader for her daughter to run, now not needed by the family and so available for sale. Favourable lease terms. Hand-over period, if needed. Stock available at valuation.
Location
The Gift Box is located in the main pedestrian street in the delightful Lynmouth harbour area, one of the most popular visitor attractions in the Exmoor National Park. The area, with its cafes, shops and guesthouses, is popular with both visitors and locals and attracts passing trade all year round.
The Shop
The Gift Box is a single room, lock-up leasehold shop of approximately 270ft² with exterior displays and shelving all around the interior. There is a small counter with till and card-reader*.Behind the counter is a door to a small store room and a door to the staff toilet.
*Card Reader
The card-reader is supplied by the current owner's bank. A new owner would need to organise the same arrangement with their own bank.
The Stock
The shop currently has a wide range of popular gift merchandise including:â¢Award-winning fudge and other gift confectioneryâ¢Mugs, cups and other china gift productsâ¢Sculptures and ornamentsâ¢Handbags and accessories
Season & Opening TImes
The current owner trades the business from Easter to October. Opening hours are 10am till 5pm, or 9am till 6pm at peak times.
Financials
Trading accounts will be provided to interested parties after viewing the property.
Inventory and Stock
The business will be transferred as seen, with equipment to continue trading as at present. The price will include a transfer of the lease and equipment at the premises, signage and the goodwill of the business. Stock will be sold by separate negotiation at cost price. Current stock held is valued at approximately between £7,000 and £10,000.
Handover
The current owner is happy to give any new owners a full briefing, after exchange of contracts, to ensure a smooth transition of the business. This will include an explanation of bookkeeping, stock ordering, introductions to all suppliers and a hand-over period, if required.
The Lease
The current lease has two years remaining at a rent of £566pcm, with an option to extend at the end of the term.
Property Features :
- Successful and Profitable Gift Shop
- Prime Lynmouth Location
- Currently Run by Owner Only
- No Experience Required
- Full handover & Training