Profitable Greeting Card Shop In Morpeth Town Centre For Sale Northumberland, United Kingdom Advert ref: GT805NE Business description
Lakey & Co are delighted to offer for sale this well established and profitable greeting card shop currently taking £2,200 per week including VAT with a rental of £289 per week. The business benefits from high gross profits and high footfall and is situated in an excellent location in Morpeth Town Centre.
Employees: The business is currently largely staff run by two members of staff with a weekly wage bill of around £260 per week.
Trading hours: Monday-Saturday: 9.00am – 5.00pm.
Property: Leasehold
Lease terms
We are advised that the premises are held on the balance of a 5 year lease which is renewable in 2013.
Location
This greeting card and gift business benefits from a busy location within Morpeth Town Centre close to the junction of Newgate Street with the Market Place. Morpeth is the county town of Northumberland and has a resident population of around 14,000 which is significantly enhanced by the surrounding rural community. The town centre plays host to many local and national retailers and still benefits from a busy market day each Wednesday.
Reasons for selling
The business is being offered for sale solely due our client’s intention to take early retirement.
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| | Financial details Asking price: £49,950
Sales revenue: £100,000
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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