Ref 5806 – Leasehold Card & Gift Shop Blacks Brokers are proud to bring to the market this leasehold card and gift located in the much sought-after area of Urmston, Greater Manchester. Introduction
Cardworld has been trading on Crofts Bank Road for around 35 years, with our client in ownership since 2015. During that impressive trading history, the business has firmly established itself within the local community and gained a loyal base of customers. Location
Cardworld is positioned within a popular parade of other shops and businesses on a busy main road in the town centre of Urmston - this location brings a high amount of footfall all year round. The area provides ample parking in car parks and many other complementary businesses are close by in addition to Urmston Train Station. Reason for sale
Cardworld is only being offered for sale due to our client’s other business interests and family commitments. Lease
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 7 years in length with the rent fixed for the first 5 years. This lease began in 2015 at a cost of £288 per week. Building layout and design
Cardworld is housed within the ground and basement floor of a large, three storey retail unit within a parade. The first and second floor are currently only used for storage, with scope for sub-let or shop extensions. The main retail space on the ground floor is well presented, with a good amount of stock displayed on wall shelving and central card stands. The shop is well presented, with modern lighting, wooden flooring throughout and three tilling points. Additional stock is held within the basement area. Staff
Cardworld is currently operating with one member of part-time staff in addition to our client in full-time employment. Financial details
Financial details are available upon a viewing of the business and Cardworld has traded solidly over its trading history. The business generates annual turnover of £54,972 with £22,096 gross profits and rates payable of £63 per week. Most customers are from the local area, as one would expect with a business of this nature with some additional trade from passers-by and visitors to the area. Summary
This leasehold business is well positioned and long-established. The customer base is well established and is made up of both locals and passers-by. There is plenty of scope to develop the business further and there are even more income opportunities through the leasing of the upper floors, or business extension and expansion with new stock lines or wrapping services introduced. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £24,995.
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