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Greetings Cards And Gifts Business In Bailgate For Sale

Lincoln, Lincolnshire
Asking Price:
Sales Revenue:
£100K - £200K
Cash Flow:
Not applicable

Established for over 20 years a fantastic opportunity to purchase House of Cards, a greetings card and gift shop in the heart of the Bailgate, Cathedral Quarter in Lincoln. The current owners have run the business for 15 years and due to retirement offer a new 6 year Lease, Business and fixtures and fittings for sale. (The stock is subject to a separate valuation).

House of Cards is located in the middle of the Bailgate, Lincoln's uphill shopping area. The shop has a well established regular customer base as well as a healthy tourist trade and enjoys an all year round income.

The property is held on a Leasehold basis. The current Lease expires in January 2025 and the current rent is £15,500 p/a (held for 3 years). Full details in respect of the tenancy agreement are available on request.
The ingoing tenant is responsible for the landlords reasonable legal costs for transferring ownership of the existing lease.
The stock has been kept at the usual operating level and future orders for annual events such as Mothers Day, Easter and Xmas are already ordered to maintain a smooth continuity of trading for the new owners. At the point of transfer the current stock will be valued and added to the purchase price.

If interested, please contact the seller through the form on this page.

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