Business for sale

Business description

We are informed the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 42% approx.


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£75,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Outstanding opportunity to acquire an old established Ironmongers and Domestic Hardware Business which we understand has been in the same family since 1750 and is now solely offered for sale due to the vendor's retirement.

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 870 sq. ft. sales area with attractive Victorian area with full height set of drawers set behind the original long counter, display stands, long counter with 2 tills, EPOS scanning plus back-up office computer. Feature fireplace, can be used for display.

Rear section in the region of 500 sq. ft. providing additional display area

Rear access for goods delivery

Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present mainly staff operated with 3 full time staff employed, whilst the vendor, who is ready for retirement, is involved mainly in the paperwork. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.


Opening Hours Monday - Friday inclusive - 8 a.m. - 5.30 p.m.
Saturday opening - 8.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.


Outside Rear access for goods delivery and internal Courtyard.


Tenure We understand the landlords, subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £7,400 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : M2356