Property photos
Fixed price
£21,000 pa
(£43.35/sq. ft. pa)
Retail premises to let
36 East Street, Southwold, United Kingdom IP18484 sq. ft
Local area information
Property location
Nearby amenities
- Southwold Primary School 0.2 miles
- Southwold Ferry Landing 0.8 miles
- Walberswick Ferry Landing 0.9 miles
- Reydon Primary School 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Property Ref: 13178
A rare opportunity to take over this highly successful business in the popular seaside town of Southwold. High Tide was established in 2008 by the current owners and the business has gone from strength to strength being popular with both tourists and locals alike. Over the years the shop has built up a fantastic reputation for their extensive product range, and top-level customer service, enjoying a loyal customer base as well as high footfall from visitors.
A premium which includes goodwill, fixtures and fittings is for sale for £80,000. A new lease will be granted with a rent of £21,000 per annum (£1,750 pm) for a ten year lease with 3 year break clause. Stock is to be purchased at cost, upon at transfer.
The shop offers an extensive range of greetings cards, gifts and souvenirs - it enjoys a particular reputation for its large range of prestigious brand Jellycat, which attracts regular collectors
High Tide is in fantastic location, just a stone's throw from Southwold beach meaning it is well placed to take advantage of the increased footfall in the summer months.
The shop is run with one member of staff per day. Currently there is a manager working 4 days a week with another 2 members of staff covering the other days. The owners provide holiday cover as required.
Currently zero rated for Business Rates
Ground Floor Retail Space 305 square feet (28.38 Sq M)
Ground Floor Ancillary & Storage 93 Square feet (8.62 Sq M)
Basement storage 86 Square Feet (8 Sq M)
As well as the bricks and mortar business the sale includes the shop's well established website
Average turnover for the past two years has exceeded £250,000 with good retail margins on all stock.
The owners are now looking to retire and sell the business to someone with the passion and energy to build on their hard work and take the business to the next level. This presents a fantastic opportunity for a new owner to take on an established business with consistently good accounts, with the scope to further develop the offering.
Accounts and other business related information are available upon request will be made available to prospective purchasers on receipt of a signed confidentiality agreement....
For viewing arrangement, please get in touch with 99home.
If calling, please quote reference: 13178
Disclaimer: 99home does not charge administration fees.
Gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information. If you disagree, please write us in the message so we do not forward your details to the vendor or landlord or their managing company.
*Disclaimer for virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
*If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
*Will make no warranty for the accuracy or completeness of the advertisement or any linked or associated information, and 99home has no control over the content. This property advertisement does not constitute property particulars, the property may offer to tenants in the same condition as they have seen on time of the viewing.
A rare opportunity to take over this highly successful business in the popular seaside town of Southwold. High Tide was established in 2008 by the current owners and the business has gone from strength to strength being popular with both tourists and locals alike. Over the years the shop has built up a fantastic reputation for their extensive product range, and top-level customer service, enjoying a loyal customer base as well as high footfall from visitors.
A premium which includes goodwill, fixtures and fittings is for sale for £80,000. A new lease will be granted with a rent of £21,000 per annum (£1,750 pm) for a ten year lease with 3 year break clause. Stock is to be purchased at cost, upon at transfer.
The shop offers an extensive range of greetings cards, gifts and souvenirs - it enjoys a particular reputation for its large range of prestigious brand Jellycat, which attracts regular collectors
High Tide is in fantastic location, just a stone's throw from Southwold beach meaning it is well placed to take advantage of the increased footfall in the summer months.
The shop is run with one member of staff per day. Currently there is a manager working 4 days a week with another 2 members of staff covering the other days. The owners provide holiday cover as required.
Currently zero rated for Business Rates
Ground Floor Retail Space 305 square feet (28.38 Sq M)
Ground Floor Ancillary & Storage 93 Square feet (8.62 Sq M)
Basement storage 86 Square Feet (8 Sq M)
As well as the bricks and mortar business the sale includes the shop's well established website
Average turnover for the past two years has exceeded £250,000 with good retail margins on all stock.
The owners are now looking to retire and sell the business to someone with the passion and energy to build on their hard work and take the business to the next level. This presents a fantastic opportunity for a new owner to take on an established business with consistently good accounts, with the scope to further develop the offering.
Accounts and other business related information are available upon request will be made available to prospective purchasers on receipt of a signed confidentiality agreement....
For viewing arrangement, please get in touch with 99home.
If calling, please quote reference: 13178
Disclaimer: 99home does not charge administration fees.
Gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information. If you disagree, please write us in the message so we do not forward your details to the vendor or landlord or their managing company.
*Disclaimer for virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
*If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
*Will make no warranty for the accuracy or completeness of the advertisement or any linked or associated information, and 99home has no control over the content. This property advertisement does not constitute property particulars, the property may offer to tenants in the same condition as they have seen on time of the viewing.
Floor plans and tours
Floor plans (1)
More information
Listed by
Property descriptions and related information displayed on this page are marketing materials provided by - 99Home Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact 99Home Ltd for full details and further information.