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Beautifully Presented Gift Shop For Sale

Lincoln, Lincolnshire
Asking Price:
£34,995
Sales Revenue:
£40,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market Inside Out Of Lincoln.

The business has been operated by the current vendors for over 5 years and is well established in the local community and surrounding areas.

Due to semi-retirement this rare and exciting opportunity has now become available and offers the opportunity for a new owner to put their own spin on things and take the business to the next level.

The gift shop currently stocks an exciting range of products suitable for all occasions including a range of sought after gift items from the likes of Melt Candles, Gisela Graham, St Eval Candles as well as gifts from Di Palono including fragrances, bath and body lotions, home fragrances and gift sets. The business sells a wide range of gift cards and paint and paper from Little Green.

The business offers a great lifestyle opportunity with plenty of growth achievable in developing a stronger online presence and widening the gift options further to grow and develop in new markets.

A golden opportunity to acquire a well-established business with growth potential for little in going costs in and excellent location within Lincoln City.

Location
The business is situated off the A46 ring road and along Burton Street in the upper area of the popular Cathedral City of Lincoln.

The business is located on a corner plot surrounded by additional retail outlets along Burton Street with the benefit of easy access and on street parking as well as parking in amongst the residential dwellings.

The site is easily accessible on foot with regular public transport in and out of the city.

Premises
The business is located on the ground floor of a corner shop along Burton Road in Lincoln.

Main trading area with service counter, store area and WC/kitchenette to the rear. The business is being sold with all shelving display counters card racks, storage binnacles and signage.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £545 per month with a new lease to be agreed with the in going tenant.

Hours
The opening hours are currently 10.00 am to 5.00 pm Tuesday to Saturday.

Staff
The business is run and managed by the current vendors.

Financial Profile
We are advised the business is currently turning over in the region of £40,000 per annum trading limited hours.

The rateable value of the premises is £7,500

There are currently no business rates payable

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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