BEAUTIFULLY PRESENTED STATIONERY BUSINESS SITUATED IN THE HEART OF THE NORTH LAINE, BRIGHTON

Brighton, East Sussex
Leasehold Price:
£125,000
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Status
FOR SALE
Advert ID
214857
Reference
6400M / RightBiz

Details

This exceptional stationers has been established since 2000, and during this time the vendors have created an excellent reputation and loyal customer base, with many customers travelling from outside of Brighton to benefit from their extensive product lines and knowledge. They currently stock Moleskine notebooks, Clairefontaine pads and journals from Paperblanks, as well as a comprehensive collection of Lamy pens and the J. Herbin range of thirty different coloured inks. In addition to this they have a diverse range of greeting cards and paper. The stationers are situated in one of the busiest cash trading thoroughfares in Brighton. They have received outstanding reviews on Facebook, Google Reviews and Yelp and are very well respected in the city for their knowledge and excellent customer service. The business is now offered for sale due to the owners’ retirement.

THE PREMISES: The retail shop is fully fitted and equipped to a high standard having a wealth of attractive display cabinets and shelving, etc. Leading on from the main retail space is a large alcove, which at the present time is used for the display of a wide range of wrapping paper. To the rear of the property is a stock room with shelving throughout and access to a kitchenette and a small yard. On the first floor is a bathroom, a larger stockroom (again with shelving throughout) and a large office to the front of the property.

TURNOVER:  The vendors are involved in the high level management of the business and they have a full time manager who is responsible for the day to day management of the business. In addition to this there is one other full time employee and then 3 part time members of staff. The business trades 10am to 6pm – Monday to Saturday.  Sundays 11:30am to 5pm.  We are informed that the annual turnover is £347,500 exclusive of VAT. At present a small proportion of the turnover is from their online sales, however there would be enormous scope to expand and grow the business online and through social media. 

TENURE:  The premises are held on a full repairing and insuring lease at a current rental of £18,500 per annum, with 6 years left on the current lease. The next rent review is due in November 2019. 

 

BUSINESS RATES: The current rates payable amount to £8,035.42 per annum.  Prospective occupiers should make their own enquiries to verify same.

 

 

 

 

 

Listing Details
Leasehold Price: £125,000
Tenure: Leasehold
Sector: Stationery Store
Financials
Annual Turnover: £347,500
Annual Net Profit: Available upon request
Key Features
  • Accounts Available
  • Unique Business
  • Small Business
  • High Turnover
  • Prime Location
  • Fully Fitted
  • Established Business
  • Attractive Business
Energy Performance Certificate (EPC)
Listing Statistics
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