Bijou Gift Shop
Advert ref: 5613DC
This is an enticing opportunity to acquire a well-established Gift Shop in an affluent area known for its thriving Independent Traders and located on the street that won the Great British High St award for ‘London’s Best High Street’ in 2016.
This business has built a cherished reputation for being an ‘Aladdin’s Cave’ of high-quality gifts and homewares and would suit an owner/manager with the vision to continue spotting emerging ‘on-trend’ ranges.
Attractively priced, and only being sold due to impending retirement, this business represents a great opportunity for a creative, design-minded individual to build a cornerstone local Lifestyle Business.
With favourable rent and nearly 10 years remaining on this renewable lease, this shop would also represent a great addition to any chain of small boutique or aspirational style shops, and early enquiries on this fabulous opportunity are highly recommended.
- Well-established local trader
- Exclusive local stockist of upmarket gift ranges
- Busy Independent Retailer trading location
- Named 'London's Best High St' in 2016
- Favourable Rent and long, unexpired Lease Term
Property Details: Leasehold
Asking Price: £40,000 + SAV (Leasehold)
Turnover: £110,000 Annual
Size in Sq Ft: 620
We understand that the Term of the current FRI lease is 15 years from March 2015, leaving an unexpired period of nearly 10 years.
We are advised that the current rent is £12,500, with the next 5 yearly Rent Review due in 2025.
Reason For Selling:
Genuine retirement sale.