Business for sale

Business description

This business is located in Gloucestershire.

We are informed the turnover is in the region of £250,000 p.a. (including approx. £50,000 p.a. in respect of the ladies' dress section). Gross profit 60% approx. In addition, as stated the Piercing Studio has only recently been established and we are informed the turnover is currently running at in the region of £400 p.w. offering tremendous potential for further improvement in the right hands.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£60,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLIICANT

Features Air Conditioned.

CCTV system with 4 cameras, monitor plus recording

Ground Floor - ATTRACTIVE SINGLE FRONTED SALES SHOP 20ft x 20ft approx. with industrial non-slip floor, night storage heater. New adjustable shelving, display stands, counter, electronic cash register.

Small Stockroom. Air conditioning unit.

Stairs to Basement. 2 Air Conditioning units. The equipment includes 2 glass display counters, 3 upright illuminated display units, shelving, 2 electronic cash registers.

Kitchenette
Stockroom

From the ground floor there are stairs to the first floor comprising:

Ladies' dress section, fully carpeted, air conditioning units, 3 changing rooms, dress display rails.

Second floor, recently established (approx. 2 months ago) Piercing Studio
Office
Stockroom
Staff w.c. and wash hand basin

Staff The business is at present operated by a lady vendor with the assistance of 2 full time and 6 part time staff. Wages paid £700/£800 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening Hours Monday - Saturday inclusive - 10 a.m. - 6 p.m.
Sunday opening only from the middle of November until the middle of January from 11 a.m. - 5 p.m.

Tenure We understand the premises are held on a secure renewable lease for a period of 15 years from 25th March, 2003 at a current rental of £19,750 p.a. exclusive of rates, due for rent review in March, 2008 and thereafter every 5 years.

Uniform Business Rates: £6,814 p.a.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED RETAIL BUSINESS IN THIS PRIME TRADING POSITION


Reference : M2556