Birmingham, B38

Greeting Cards/Balloons & Gifts Located In Kings Norton

Ref 2330

Location

This established Greetings Cards business is located within a prominent and highly visible parade on The Green in Kings Norton, Birmingham. This historic village occupies a number of complementary independent retailers and overlook the charming main central green which lies just off the main A441. Within close proximity you have the famous Cadburys World and the location offers easy access to all motorway networks.

Business information

Asking Price: £15,000 plus SAV (£10,000)

Turnover: £78,497 pa

GP: (48%)

Business Description

Veritas Business sales are delighted to offer for sale this respected Greeting cards business which is located in Kings Norton. The business has been established since 2003 and has been in the careful hands of the current owners for the past 7 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership my clients has continually invested in fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Ace of Cards is owner operated and employs the help of 1 part time and 1 Saturday helper and has an annual turnover of £78,497 with and a GP (48%). They retail a fine range of greeting cards, helium balloons, occasions gifts, mugs, gift wrap, jewellery, handbags, picture frames, fascinators and chocolates. We believe that there is further potential to increase trade should you wish to by expanding into party planning and providing a party table decorating service for the ever demanding balloon sales. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

Opening Hours

Monday - Friday - 9.00am - 5.30pm

Saturday - 9.00am - 5.00pm

Sunday - Closed

Leasehold

Original term: 10 years Remaining : 5 ½ years Rent: £5,800 pa Rates: zero

Ground Floor

Retail comprising: sales counter with cash register (Sharp), 3 x glass display cabinets, display window, greeting card racks, shelves, 3 x portable card display racks and central display. W/C with wash basin and storage shelves. Hallway with storage shelves. Store room with storage racking, storage shelves and filing cabinet. Office with worktops, storage shelves, tea & coffee area, sink drainer, electric water heater, wall & base unit.

External Shared rear yard with parking for (2). Garage (used as storage).

The property benefits from front electric roller shutters and CCTV (4 internal camera system.