Business for sale

Business description

We are informed the turnover averages £2,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 35% approx.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Customer's car parking in front of parade.

Spacious double fronted Sales Shop approx. 500 sq. ft. Carpeted, fluorescent lighting. The equipment includes counter, electronic cash register, shelving, display stands etc.

Small stockroom
Staff w.c. and wash hand basin


Staff: The business is at present operated by the vendor and no staff are employed.


Opening Hours Monday - Saturday inclusive - 9 a.m. - 7 p.m.
Sunday opening - 10 a.m. - 4 p.m.


Accommodation We understand that whilst the business does not have accommodation, it may be possible to obtain a Self Contained Maisonette comprising 2/3 bedrooms from the Council at a rental of approx. £400 per month.


Tenure We understand the shop premises are held on a new 15 years renewable Council Lease from April, 2004 at a rental of £6,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,870 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION


Reference : M1865