Business for sale

Business description

Shop No. 1.
WE ARE INFORMED the turnover averages £2,100 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 58% approx.

Shop No. 2.
WE ARE INFORMED the turnover averages £1,900 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 58% approx.


Price TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, NEW LEASE in respect of the branch, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT


Features DOUBLE FRONTED FREEHOLD SALES SHOP approx. 395 sq. ft. Laminated strip floor. Air conditioning. Shelving, Noritsu V50 film processor, Noritsu 3001 printer, 2 Kodak kiosks, Epsom wide format printer, heat press, 2 PC's etc.

Stockroom/Office
Kitchen approx. 95 sq. ft.
Staff cloakroom with w.c. and wash hand basin

The accommodation over the main shop is in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £250 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Rear garage used for storage purposes plus 3 parking spaces

Included in the sale is an additional branch situated approx. 15 miles from the main business. Occupying an excellent trading position in a market town. The equipment includes 2 Kodak kiosks, Noritsu 2511 printer/processor etc.

Stockroom/office
Staff cloakroom with w.c. and wash hand basin


Staff Shop No. 1.
The business is at present operated by the owner plus 1 full time and 3 part time staff.

Shop No. 2.
This particular branch is staff operated with 5 part time staff employed.


Opening Hours Both Businesses - Monday - Saturday inclusive - 8.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING


Accommodation As above.


Tenure We understand the present tenant is paying a rental of £3,982 p.a. exclusive of rates. We further understand that subject to satisfactory references the landlord is prepared to grant a new lease at terms and rent to be agreed.

Uniform Business Rates: £1,200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION


Reference : M2406