Business Hilton Smythe is delighted to welcome to the market Cardworld an extremely well-established and very busy greeting card shop located on Crofts Bank Road, Urmston town centre.
The business has been established for over 35 years. Our client took over 3 years ago and the shop is now being offered to the market due to our client's change in circumstance. The business currently operates 6 days per week and generates a turnover in the region of £105,000 per annum, with a gross profit of approximately 56%, as per the 2016 accounts.
Cardworld currently offers a variety of goods including greeting cards for all occasions, gifts, balloons, wrapping papers, gift bags, jewellery, mugs and bespoke gifts, to name a few. The property boasts a large sales and display area, which is well equipped to suit the trade and decorated to a high standard.
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.
The shop has lots of 5-star reviews with customers stating ‘Great card shop! Plenty of choice and good value!’ and ‘Staff were really helpful didn't have what I wanted but found alternative they are really friendly and service with a smile really polite too thank you’ our client is offering a hand over period to ensure the continued success of the shop.
Our client offers a party balloon service, this could be pushed more by advertising at local venues and social media.
The area is currently undergoing lots of development, and a new food court and market are almost complete, this is going to add to the high volume of footfall the shop already has.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to highlight the excellent goods and services offered. We also feel the business would benefit from the launch of a website and promoting the business on social media websites, such as Facebook and Twitter.
The stock at value is currently iro £24,000. Our client is open to sensible offers and is hoping for a quick sale to pursue other opportunity’s.
This is an excellent opportunity for a new owner to take this already thriving business to the next level.
Early viewing is highly recommended to avoid disappointment.
Location The business is located on Crofts Bank Rd, Urmston, Manchester.
The business is within a large residential suburb surrounded by a wealth of complimentary shops and businesses, and benefits from a high volume of footfall and passing trade. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
There are several Railway stations nearby the closest being Urmston Train Station just across the road, there is also a main bus link to and from surrounding towns and the City Centre.
The area is also well served by main roads, with the B5214 being within easy driving distance of the business, which links to the M60 motorway network
Premises The area is guaranteed high footfall due to its prime location.
Basement Large storage area, well organized and maintained. With large storage boxes, shelving and safe
Ground floor Main sales area with perimeter shelving and central card racks. To the back are independent shelving and racks displaying products on offer, and the balloon preparation area.
First floor Accessible via staircase at the front of the shop. This area is currently being used as stock but could be used to extend the services the shop currently offers such as fancy dress, floristry, etc. The area has perimeter slat wall paneling and a counter.
Second floor Unused and unoccupied flat. Our client has blocked this off as he doesn’t use it at the moment, it is included in the lease therefore could be used if the new purchaser desires.
Equipment included in the sale -
Racking Shelving Card stands Ample slat wall panelling Glass display units Over counter display Till
The store is well secured with a fully fitted alarm system.
Tenure Leasehold with 4 years remaining on the current lease.
The annual rent is currently £15,000 per year.
Hours Monday to Saturday: 9.00 am- 4.00 pm Sunday: Closed
Staff Owner ran with 1 part time staff member.
Financial Profile Turnover for 2016 was £108,559 with a gross of £55,649
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