Business
Please quote reference number B07476
A popular enterprise stocking unique greeting cards, confectionary and gifts, as well as everyday essentials, newspapers and magazines; the shop is a beloved staple in the local community and has exceptional sales and customer reach.
The business started trading from its current premises in the 2000s, when the two owners bought the brick-and-mortar shop that had been serving as a newsagent since the 1960s.
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Since then, they have expanded their range and customer reach significantly, becoming an indispensable retailer and staple independent business in the local area.
The range of items on sale include newspapers and magazines, convenience items, greeting cards, helium balloons, old-fashioned confectionery, vape and liquid vape products, and unique party and gift items.
In addition to an array of products stocked ad-hoc, they also operate a paypoint/payzone for their local customers to come and pay their bills and operate as a send/return service for a variety of online dispatch and retail services.
The variety of services and products on offer set them apart from their competition, and ensure a high footfall in the store at all times.
The business’ outstanding reputation is defined by their impeccable customer service. Customers walk out happy to have been provided with bespoke attention and help selecting cards and gifts for their friends, family and loved ones.
With the market at peak buoyancy despite the challenges of the last years, the company is at a turning point for new opportunities to come their way.
The business has several capabilities and assets to stand out from its competitors and attract the prospective purchaser, including:
- A wide variety of services offered, and products sold that are unique to the business, and are not stocked by the competition.
- Stocking essential everyday items, from newspapers and magazines to convenience items.
- Excellent reputation in the industry and impeccable customer service, with a long trading history and loyal clients.
- A healthy financial profile, a turnover of nearly £1.5m in 2023, a great turnover in 2022, following a sales boom in 2021.
- Reliable stream of income, with 75-80% repeat custom.
- Wide reach within the local area and beyond.
- Excellent opportunity to expand within a booming market.
Highlights
- Excellent sales and profit margins.
- Loyal client base and high return custom.
- Unique and high-quality products, resulting in high footfall.
Opportunities
- Opportunity to introduce new items.
- Implement new marketing strategies.
- Widen reach and introduce online retail.
Location
Based in the West Midlands
Premises
The business operates out of large retail premises.
Tenure
The business operates from a leasehold premises.
Hours
The business trades all the year round.
Staff
The business has a small team of experienced staff.
Financial Profile
Turnover IRO – £1.5m in 2023.
- 100% share capital.
- Parties to sign an NDA.
