Hilton Smythe is delighted to welcome to the market this well-established and popular craft retail business in Kidderminster, Worcestershire.
The business was established by our client in 2005 and is only now, reluctantly, being placed onto the market due to our client’s unfortunate health problems. The business operates 6 days per week and generates a turnover in the region of £52,000 per annum, with a good gross profit.
Our client offers a wide variety of craft materials including all the products needed to make beautiful and unique greeting cards, craft papers, adhesives and paints, to name a few. Our client also offers card making and scrapbooking classes on Tuesdays, which are proving to be very popular.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations, a lot of which comes from the nearby Range Store.
We feel the turnover could be increased by extending the opening hours of the business. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered, as well as attend craft shows and Christmas fairs. The business already has a very informative website in place, which offers online ordering facilities.
This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
The Treasury occupies substantial ground floor premises, ideally located on the busy Park Lane within Kidderminster, Worcestershire. The business is located opposite a large clothing retail outlet and very close to the popular Weavers Walk Shopping centre, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from free off-street parking facilities to the front of the premises.
Kidderminster is a town in the Wyre Forest district of Worcestershire. According to the 2011 census, the town had a residential population of 55,530. Kidderminster is the largest town in North Worcestershire and is famous as a centre for the production of quality woven carpets, which are still manufactured in the town. The town boasts three shopping centres, a retail park, numerous shops, pubs, restaurants and cafes, as well as a twice weekly market.
The area of the business is served by the public transport system, with bus stops within easy walking distance. Kidderminster railway station is approximately one mile away. The area is also well served by the a-roads, with the property being situated just off the a-456, which links to the vast a-road and motorway networks. Kidderminster is located approximately 17 miles south-west of Birmingham city centre and 15 miles north of Worcester city centre.
Substantial ground floor premises, in a prime trading location, briefly comprising:
Main sales and display area with:
Large widows creating a light and airy interior.
Beamed ceiling with florescent lighting and spot lights.
Card and paper carousels.
Wall hanging spaces.
Paint display stands.
Magazine display unit.
Serve over counter with electronic cash register and wrapping area.
Double glazed door.
Duel aspect room.
Wood effect vinyl flooring.
Suspended ceiling with concealed spotlights.
Desks and chairs.
Storeroom with carpeted flooring and perimeter shelving.
Range of wall and base units.
Stainless steel sink unit with drainer and cupboards beneath.
Freestanding electric cooker with stainless steel extractor.
Space for refrigerator.
Bathroom with WC, wash hand basin and shower cubicle with electric shower.
Free off-street parking to front of premises.
We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: Rolling lease
Rent: £9,000 per annum
The business operates:
Monday: 10.00am – 4.00pm
Tuesday: 10.00am – 9.00pm, which includes evening classes
Wednesday – Saturday: 10.00am – 4.00pm
The business is owner run and managed with 1 x part time staff member.
The business generates a turnover in the region of £52,000 per annum, with a good gross profit.