£174,995
Retail premises for saleEbbw Vale, Wales, United Kingdom NP23
Business
About this property
Business
Please quote reference B09358
Cogogo are delighted to bring to market Enigma, a long-established and much-loved spiritual gift shop located in the heart of Ebbw Vale.
Trading since December 2005, Enigma has built a strong reputation as a unique, vibrant destination for spiritual, alternative and gift-led retail. The business is offered for sale due to retirement, presenting an exciting opportunity for a new owner to step into a profitable, creative and community-focused venture.
Enigma specialises in New Age, spiritual, steampunk and gothic products, alongside cbd oils and creams. A major highlight is the in-house manufacture of soy wax melts and candles, which generates excellent repeat trade and sets the business apart from competitors.
In addition to retail sales, the business benefits from three first-floor therapy rooms, rented out on an hourly basis for services including Reiki, massage, tarot and mediumship readings, hypnotherapy and beauty treatments. This creates an additional income stream and draws consistent footfall into the shop.
This is a rare opportunity to acquire a well-established, profitable and character-rich business with strong community roots, multiple income streams and genuine scope for further growth.
Early viewing is highly recommended.
Location
Enigma occupies a prominent and central position on Bethcar Street, one of Ebbw Vale’s main thoroughfares. The location benefits from strong visibility, regular footfall and close proximity to other town centre amenities, making it an ideal spot for destination retail. Having relocated to this more central position in 2011, the business has continued to thrive and attract both loyal local customers and visitors from further afield.
Premises
The property is freehold and was fully renovated prior to the business moving in. Arranged over four floors, the building offers spacious and versatile accommodation. The ground floor houses the retail area, which is fitted with cupboards, shelving and slatwall. The basement provides a staff room, storage area, craft room and toilet facilities.
The first floor contains three therapy rooms, each fitted with wall-mounted oil-filled electric radiators with 24/7 thermostatic timers. The building is fully electric throughout. There is also an undeveloped attic space, offering further potential for future use, subject to access being reinstated. The upper floors previously accommodated a self-contained flat and could potentially be converted back, subject to the necessary consents.
Stock levels typically range between £9,000 and £12,000.
Tenure
We are advised that the business operates from a freehold property, resulting in very low overheads Business rates are currently nil under small business rates relief.
We are advised that overheads are minimal, with electricity averaging approximately £83 per month and metered water costs around £200 per annum
Hours
The current operating hours are:
Monday to Friday: 9:00 am to 5:00 pm
Saturday: 10:00 am to 4:00 pm
Sunday - Closed
Staff
The business is owner-operated with support as required.
Financial Profile
We are advised that the business generates a turnover of £43,019 per annum.
We are further advised that the business produces a net profit of £12,871, reflecting a solid and sustainable return, particularly when set against the low overheads associated with freehold ownership.
We are advised that ongoing costs are modest, with the benefit of zero business rates under small business rates relief, making this an attractive and efficient operation for an owner-operator.
Full financial information will be made available to genuinely interested parties following a formal enquiry.
Please quote reference B09358
Cogogo are delighted to bring to market Enigma, a long-established and much-loved spiritual gift shop located in the heart of Ebbw Vale.
Trading since December 2005, Enigma has built a strong reputation as a unique, vibrant destination for spiritual, alternative and gift-led retail. The business is offered for sale due to retirement, presenting an exciting opportunity for a new owner to step into a profitable, creative and community-focused venture.
Enigma specialises in New Age, spiritual, steampunk and gothic products, alongside cbd oils and creams. A major highlight is the in-house manufacture of soy wax melts and candles, which generates excellent repeat trade and sets the business apart from competitors.
In addition to retail sales, the business benefits from three first-floor therapy rooms, rented out on an hourly basis for services including Reiki, massage, tarot and mediumship readings, hypnotherapy and beauty treatments. This creates an additional income stream and draws consistent footfall into the shop.
This is a rare opportunity to acquire a well-established, profitable and character-rich business with strong community roots, multiple income streams and genuine scope for further growth.
Early viewing is highly recommended.
Location
Enigma occupies a prominent and central position on Bethcar Street, one of Ebbw Vale’s main thoroughfares. The location benefits from strong visibility, regular footfall and close proximity to other town centre amenities, making it an ideal spot for destination retail. Having relocated to this more central position in 2011, the business has continued to thrive and attract both loyal local customers and visitors from further afield.
Premises
The property is freehold and was fully renovated prior to the business moving in. Arranged over four floors, the building offers spacious and versatile accommodation. The ground floor houses the retail area, which is fitted with cupboards, shelving and slatwall. The basement provides a staff room, storage area, craft room and toilet facilities.
The first floor contains three therapy rooms, each fitted with wall-mounted oil-filled electric radiators with 24/7 thermostatic timers. The building is fully electric throughout. There is also an undeveloped attic space, offering further potential for future use, subject to access being reinstated. The upper floors previously accommodated a self-contained flat and could potentially be converted back, subject to the necessary consents.
Stock levels typically range between £9,000 and £12,000.
Tenure
We are advised that the business operates from a freehold property, resulting in very low overheads Business rates are currently nil under small business rates relief.
We are advised that overheads are minimal, with electricity averaging approximately £83 per month and metered water costs around £200 per annum
Hours
The current operating hours are:
Monday to Friday: 9:00 am to 5:00 pm
Saturday: 10:00 am to 4:00 pm
Sunday - Closed
Staff
The business is owner-operated with support as required.
Financial Profile
We are advised that the business generates a turnover of £43,019 per annum.
We are further advised that the business produces a net profit of £12,871, reflecting a solid and sustainable return, particularly when set against the low overheads associated with freehold ownership.
We are advised that ongoing costs are modest, with the benefit of zero business rates under small business rates relief, making this an attractive and efficient operation for an owner-operator.
Full financial information will be made available to genuinely interested parties following a formal enquiry.
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