Attractive watches & jewellery shop (including gold, silver and costume jewellery)
Business for sale
Asking Price:
£20,000
Turnover:
£55,000
Annual profit:
£23,400
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Location this business is located in east london.We are informed the turnover averages £1,100 p.w. In our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending april, 2005 showed in the region of £55,000 with a gross profit in the region of £30,000.
Price to include the new lease, goodwill, fixtures & fittings £20,000 including stock.
Substantial loan to an approved applicant
Features 2 victorian display windows to attractive sales shop with woodstrip floor, glass display stands, counter, electronic cash register etc.
Staff the business is at present operated by the owner and no staff are employed.
Opening hours monday - friday inclusive - 10 a.m. - 5 P.m.
Saturday opening - 10 a.m. - 5.30 P.m.
No sunday trading
Tenure we understand the premises are held on a yearly licence at a current rental of £4,000 p.a. Exclusive of rates. We further understand that the landlord, subject to satisfactory references is prepared to grant a new 5 years lease at £4,000 p.a. Exclusive of rates.
Uniform business rates: £500 p.a. Approx. (After small business relief)
Recommended for early inspection
Reduced for early sale
Reference : M2047
