Poulton Street, Kirkham, PR4 Gifts/cards/books/stationery Etc Retail Leasehold For Sale

£149,950 + s.a.v.

Property Reference: 0RL047L

Contact the agent
  • Popular Local Greetings Card and Gift Shop
  • Integrated Coffee and Cake Shop
  • 8 Serviced Offices Sub Let on First Floor
  • Prime Pitch in a busy High St Location
  • Established 8yrs with Loyal Customer Base
  • Very Little Competition within Local Area
  • Refurbished to High Standard Throughout
  • Viewing Highly Recommended

Property Description

Kenricks Commercial are delighted to offer the Card Outlet and Beanies Coffee & Cake shop for Lease. A well established and very busy
greeting card shop with a coffee shop to the rear of the ground floor.

There are also sub-let offices on the first floor.

Card Outlet was established by our client in 2011, then moved to the current location in 2014, in 2016 our client then added in Beanies Coffee and Cakes. The premises have been refurbished to a high specification with bespoke lighting and décor.

The current owner has created 8 separate offices on the first floor which are currently rented out and generating a rental income of £20,800 per annum. This is highly beneficial as the rent from the offices cover the total rent of the building with a profit.

Card Outlet offers a variety of goods including greetings cards for all occasions, gifts, balloons, wrapping papers, gift bags, ornamental homeware and candles to name a few. Beanies Coffee and Cakes offers hot and cold beverages, snacks and desserts in a relaxed environment. 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 custom and word of mouth recommendations. There is very little competition within Kirkham.

We feel there is scope to increase the turnover via online sales such as Ebay, maybe creating a website and promoting the business on social media sites, such as Twitter. Card Outlet already has a Facebook page which could be used more for advertising.
This is an excellent opportunity for a new owner to take this already thriving business to the next level, therefore early viewing must come highly recommended to avoid disappointment.

Location
Card Outlet & Beanies Coffee and Cakes is located on Poulton Street, Kirkham, Preston. The business is within a large residential suburb surrounded by a wealth of complementary 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 Kirkham and Wesham Station just 12 minutes walk away. There is also a main bus link to and from surrounding towns. The area is also well served by the A-roads with the A583 being within easy driving distance of the business, which links to the M55 motorway network.

Ground Floor

Through into the entrance is the main trading area. There is perimeter shelving and central card racks with ample glass display stands.

First Floor

Accessible via staircase at the back of the shop and has a rear entrance to the car parking spaces. There are 2 large stock rooms, male and female toilets, 8 rental offices and a reception area.

Agents Notes

Equipment included in the sale is as follows:

Racking.
Shelving.
Ample Card stands.
Glass display cabinets.
3 x touch screen tills.

Exterior

The store is well secured with roller shutters. To the rear of the First Floor is the entrance to the offices, with a rear yard used for private car parking.

  • Hours

    Opening hours: Monday - Friday 9.15am to 5.15pm.
    Saturday: 9am to 5pm. Sunday 10am to 4pm.

    Staff: The business is run by one full time manager and five part time staff members

  • Business

    The 2016 accounts reported a combined turnover of £258,400 with a gross profit of 53% and adjusted net profit of £57,000. The turnover is split as follows:
    Card Outlet £196,000.
    Beanies Coffee and Cake £41,600.
    Office Rentals £20,800.

Tenure

Leasehold - 5 years remain on the current lease, as of 2018 (a new lease would be available). Rent of £20,000 pa.

  • Viewing

    By appointment through Kenricks.

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Fee Information

The advertised rental figure does not include fees.