Business for sale

Business description

We are informed the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 41.5%. We are further advised that the sales year ending 31st October, 2006 showed £205,737 with a gross profit of approx. £83,878.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Spacious double fronted Sales Shop approx. 503 sq. ft. sales area, fully carpeted and well equipped including counter, electronic cash register, display rails, display units etc.

Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present operated by a lady vendor on a part time basis with the assistance of her sister on a part time basis plus 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.


Opening Hours Monday - Saturday - 9 a.m. - 5.30 p.m.
Halfday Wednesday closing at 1 p.m.
NO SUNDAY TRADING


Accommodation The accommodation in the form of a SELF CONTAINED FLAT over, all in GOOD CONDITION and with FULL GAS FIRED CENTAL HEATING, comprises:

2 bedrooms (1 double, 1 small single)
Bathroom with bath, w.c. and wash hand basin
Large lounge
Kitchen


Tenure We understand the premises are held on a secure renewable lease, the present lease expiring on the 30th October, 2009 at a rental of £26,000 p.a. exclusive of rates.
(We understand in addition there is a service charge of £250 per quarter).

Uniform Business Rates: £5,594.37 p.a. + water rates

THIS OLD ESTABLISHED SPORTS SHOP HAS BEEN IN THE SAME HANDS SINCE 1991 AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : M1761