Most superior and highly lucrative counter news, confectionery, tobacco, greeting cards, stationery, pens, artists materials, model toy kits plus model making equipment
Business for sale
Asking Price:
£100,000
Turnover:
£473,200
Annual profit:
£110,728
Audited accounts:
Yes
Management accounts:
Yes
Business description
Location Situated in a parade, excellent High Street trading position, KENT.We are informed the turnover averages £7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,600 p.w. Gross profit 30% approx.
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £100,000 plus STOCK AT VALUATION (£65,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features Turnover £7,500 p.w. Wholesale newsbill £1,600 p.w. Gross profit 30% approx. Operated on a strict 6 day week basis, opening Monday - Saturday inclusive - 8.30 a.m. - 5 p.m. No Sunday Trading.
Spacious well equipped sales shop, double fronted and with double door approx. 20ft frontage by 75ft depth providing a total sales area in the region of 1,500 sq. ft. The shop has a carpet tiled floor, suspended ceiling with fluorescent lighting and is well equipped including counter, 2 tills with EPOS scanning system, new counter, 6 greeting card display stands with drawers, new photocopier (on lease), large Klerex magazine display section, 2 upright single door drinks display fridges (on loan), 3 revovling display stands, CCTV system with 8 cameras, 2 monitors, hard disc recording (on lease) etc.
Large rear stockroom with shelving
Stairs to first floor providing an additional stores area
In addition on the ground floor is an office plus 1 additional small store
2 staff cloakrooms each with w.c. and wash hand basin
Staff kitchen
Staff The business is at present operated by the vendor with the assistance of 1 full time and 1 part time staff.
Opening Hours Monday - Saturday inclusive - 8.30 a.m. - 5 p.m.
NO SUNDAY TRADING
Outside Small yard.
Tenure We understand the premises are held on a secure renewable lease, the present lease having 7 years unexpired from October, 2007 at a rental of £14,000 p.a. exclusive of rates up to October, 2008, with rent review at that time and thereafter after the following 3 years.
Uniform Business Rates: £6,700 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
Reference : C6945
Employee details
Fulltime staff:
1
Parttime staff:
1