Entrepreneurs hoping for some sweet success in a new business venture might consider buying this small store.
The recently established traditional sweet shop, currently called Karin’s Kandy, is in a popular suburb of Newcastle and well-located for passing trade.
The property in Clayton Road, Jesmond, currently has sales of around ï¿½1,000pw with a strong gross profit margin. The shop already has a range of quality bespoke fixtures and fittings and could prove a good opportunity for a couple or family. Due to the owner’s personal circumstances, it means the business has reluctantly been placed on the market.
The shop, which is within an attractive terrace of shops in the heart of Jesmond, is to buy on a leasehold basis of ï¿½15,000 plus SAV. The parade comprises a range of good quality independents and traders, including a florists, fashion outlet, sandwich bar and a couple of coffee shops.
The parade is close to a number of schools which generates a good amount of trade in the afternoons. Jesmond itself is popular with families who bring in good levels of weekend trade. Students also provide custom during term time.
The shop has been refurbished throughout and fitted with bespoke shelves and service counters. As well as a range of traditional confectionery, the store also sells drinks and some toys.
In addition to the retail element, the owner has also tested out the viability of some off-site sales by leaving baskets in offices together with honesty boxes. This could be developed further as could ideas to put together children’s party bags, wedding favours and a possible ecommerce element.