Business for Sale in EXETER, DEVON - GIFT GALLERY/LIFESTYLE STORE/PICTURE FRAMING & STUDIO - Leasehold: £38,500

Key Information

Ref
MG34668N
Type
Retail Businesses: Gift Shops
Location
England: Devon
Tenure
Leasehold
Status
Sold
Annual Sales
£151,347 Ex Vat
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Famous GIFT GALLERY/LIFESTYLE STORE with work STUDIO, also undertaking some PICTURE FRAMING, popular and developing EXETER CITY CENTRE shopping area. Highly visible, fronts busy pedestrian and vehicle thoroughfare on route to nearby High Street, surrounded by an eclectic mix of other independent retailers ensuring the area remains a destination for shoppers.

Very deceptive premises, extending over 2 levels and to the rear a considerable length, presented and fitted to a high standard with bespoke fixtures and fittings, also contains a host of top quality picture framing equipment commanding substantial replacement cost. Provides ground floor split level front and rear retail areas with storage/staff facilities, lower ground work studio offering numerous uses, very favourable overheads, rent just over £150 per week, receives 100% business rate relief.

Established destination business in existence 10 years, stocking niche retail lines not available elsewhere, includes quality handmade items from independent manufactures, ensures regular repeat trade. Sales 2019 £151,347 ex Vat, Gross Profit £61,970 (41%), easily manageable, ideal for owner operators, offers numerous opportunities for new owners.

Leasehold £38,500 sav Ref: MG34668N

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