Business Hilton Smythe welcomes to the market Scribbles of Blackheath.
Scribbles of Blackheath was founded by the current owner in 2006 and has been a real labour of love for and has flourished under his ownership. The business is now being sold, albeit reluctantly and with a heavy heart only due to his wish to take a well-earned retirement. The owner would like to see his precious business pass to an ambitious and entrepreneurial new owner who can take it to the next level.
Scribbles of Blackheath is a stationery shop that is absolutely stocked to the rafters with interesting and useful products such as; •Note books, pads and envelopes •Pens and highlighters •Artists materials including a great range of paints and brushes •Modelling tools •Ribbons, tapes and stickers •Cards and wrapping papers •Stencils •Word Search books •Puzzles and children toys And much, much more!
Additionally, the business offers a photocopying service which generates approx. £1600 of income per annum.
The business has lots of regular customers many of whom are known on first name basis by the current owner who is a well-liked and respected member of the local community. The business enjoys good visibility with a host of complimentary reviews.
Scope to Improve 1.Advertising and marketing campaign 2.Maximise the use of social media particularly Facebook and Twitter 3.Extend the opening hours 4.Website to extol the products stocked ideally with an e-commerce facility. 5.Consider an eBay shop
Hilton Smythe highly advise early viewing to avoid disappointment.
Location Scribbles of Blackheath is Located in Blackheath in the West Midlands.
Blackheath is a town and ward in the Rowley Regis area of the Sandwell Metropolitan Borough in the West Midlands. Blackheath has always been a predominately working-class area dominated by modest housing. In the 1990’s the town became more prosperous with improving housing stock and some substantial development in town centre stores and improvements in the road network.
Blackheath has many transport links with buses travelling throughout the borough and there is a busy bus stop immediately outside the business. Rowley Regis railway station is nearby.
Scribbles of Blackheath is ideally situated in a prominent main road position in the unusually busy and vibrant shopping area of Blackheath. It enjoys a high level of footfall and passing trade and is particularly noticeable due to its position on a busy roundabout which means cars slowing down to enter the roundabout cannot help but notice the business.
The business sits alongside other complimentary retail businesses with many of the High Street brands as well as other independent businesses. The business is nicely presented and maintained with clear visible signage and distinctive livery. There are a number of inexpensive car parks within a couple of minutes easy walk.
Premises The business occupies the ground floor of a double fronted, inner terraced retail unit and briefly comprises;
Shop Windows and glazed door to front creating a light airy interior, high ceilings with fluorescent lighting and carpeted floor, cleverly designed to maximise the space available, perimeter shelving and central shelving gondolas, security mirror, bespoke counter with till and generous wrapping area.
Tenure We are advised that Scribbles of Blackheath is being sold as a leasehold business opportunity, the current lease is arranged on a monthly rolling basis, but we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The rent is currently £9500 per annum which is very reasonable given its prime trading position.
We are advised that the business benefits from being exempt from business rates.
Hours Monday to Saturday 9am – 5pm Sundays Closed
Staff The business is run and managed by our client with the help of his wife when required.
Financial Profile Scribbles of Blackheath generated an advised average turnover of circa £58,000 as of the 2017,2016 and 2015 accounts with a gross profit of approximately 52%.
105-111 & 113-114, Three Shires Oak Road, Smethwick, Birmingham, West Midlands, UK B67
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