Business for sale

Business description

We are informed the turnover averages £1,400 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35% approx. We are further advised that the sales for the period 1st August, 2005 to the 31st December, 2006 showed £82,903 with a gross profit of £27,592.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Attractive DOUBLE FRONTED LADIES' FASHION SHOP approx. 270 sq. ft. Polished wooden floor, partly carpeted, spotlighting plus chandeliers. Counter, electronic cash register.

2 Fitting Rooms

Disabled cloakroom with w.c. and wash hand basin
Kitchen with sink, fridge and microwave oven


Staff: The business is at present operated by a lady vendor with the assistance of 1 part time staff plus additional casual staff when required.


Opening Hours Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING


Tenure We understand the premises are held on a secure renewable lease from a private landlord, the present lease having 8 years unexpired from September, 2007 at a rental of £7,500 p.a. exclusive of rates up to September, 2007, increasing at that time to £9,000 p.a. exclusive of rates up to September, 2010, with rent reviews thereafter. (We understand that there is a break clause within the lease exciseable on the tenants side only in September, 2007 and September, 2010.

Uniform Business Rates: £2,300 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION


Reference : M2277