NO HASSLE IN HESSLE FOR CARDZONE!

Retail News

Southwell based card and gift retailer Cardzone Ltd trading as Paper Kisses continue their 2013 expansion programme with the acquisition of a new store in Hessle, a suburb of Kingston upon Hull.

Following the purchase of Special Occasions Greetings Ltd in 2012, Cardzone now trade from 66 branches and aim to grow by a further 10-15 stores in 2013 by a combination of business acquisitions and new leases.

Mark Bradley, Director of FHP Property Consultants, who are retained by Cardzone and who secured the deal, commented:-

“This opportunity was identified following notification of an impending closure of an existing independent card retailer in the town upon the owner’s retirement and lease expiry.  A deal was quickly secured in order to maintain the goodwill element and the benefit of a fitted out card store. It was also the only card shop in this busy suburban location so the acquisition ticked all the right boxes for our client.”

Paul Taylor, Managing Director of Cardzone, added:-

“When we became aware that this independent business was closing down upon lease expiry, it was imperative to move quickly to secure the deal and ensure that the existing goodwill of the business could be maintained.  I was pleased that FHP were able to agree terms in competition from other potential occupiers and enable us to benefit from the acquisition of this prominent site.”

The premises form part of the Orchard Shopping Centre containing ground floor sales of 1,403ft² and were acquired on a new 10 year lease with a tenant only break option at the end of the fifth year.

Cardzone are seeking further units of between 750 – 1,500ft² within the East Midlands, Yorkshire and Humberside regions.  Details of any suitable properties should be forwarded to markb@fhp.co.uk