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Superb Gift Shop for sale in Greenwich

Greenwich, Greater London

Asking Price £32,500
Turnover £84,000

Business overview

Well loved business with years left on the lease. Excellent position in the centre of a busy high street, benefitting from good foot traffic all week. Stock and bespoke furniture included

Business details

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Business description

Beautiful gift shop, selling a highly curated selection of gifts, cards and art. Much loved local business with excellent customer reviews, fantastic community engagement and reputation.

Fantastic high street location in one of London's most rapidly up-and-coming suburbs, situated on a main road and surrounded by other independent businesses such as a butchers, deli, pizza restaurant and cafes. There are plans to convert the local Victorian baths into a Curzon cinema in a couple of years, demonstrating the potential of the area. The shop currently benefits from being the only gift shop on the high street and there has been a successful gift shop on the site for nearly seven years.

There's lots of opportunity to take the business to the next level in terms of revenue, possibly by extending openings hours or developing the downstairs area, which the current owner uses as a stock room but which has great potential to be used as additional retail space. The opening hours can also be extended and currently the shop is closed on Mondays. The shop does not currently trade online but does own an attractive, professionally designed website which can be included in the sale on negotiation. The shop is currently run by the owner five days a week with one extra member of staff on the weekends but can be run with minimal staffing to maximise profits. It would make a perfect first foray into retail or, alternatively, a fantastic location for an already established business to expand into.

Revenue has continued to grow year on year, and the owner has found success in reaching and engaging an ever wider customer base than the loyal local customer through using social media channels such as Instagram and Facebook, on which the shop is extremely popular. The shop has also received international attention and praise for its design and window displays, which has resulted in increased footfall and has been featured in many local and national magazines, blogs and even a video campaign for a reward scheme for local volunteers.

Stock and fixtures and fittings included in sale price, including bespoke ply-wood shop furniture, antique haberdashery chest of drawers, perspex card spinners, print racks, till and lighting. Lease currently has five years left on it. Owner only selling because of new opportunity too good to miss!

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