Business for sale

Business description

Situated in a parade, residential area, Middlesex.

We are informed the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 52% approx. We are further advised the sales year ending October, 2005 showed in the region of £125,000.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 NO OFFERS plus STOCK AT VALUATION (£6,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Large free car park opposite plus free customer's car parking in front of parade (restricted to 2 hours during the day).

Sunblind to spacious double fronted Sales Shop approx. 850 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting, spotlighting, counter, electronic scales, 9 greeting card display stands with drawers plus 1 corner greeting card display unit, Belgium cool display cabinet, display stands, walk-in coldroom etc.

Office
Kitchen area
Staff w.c.

There is a sign written Citroen Delivery Van (on lease to be taken over. We understand the agreement has approx. 3 years to run at a payment of £142 per month).

Staff The business is at present operated by the vendor's son with the assistance of his wife when required plus 2 part time staff.

Opening Hours Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Accommodation The accommodation in the form of a spacious MAISONETTE over with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £800 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

3 Bedrooms (1 double, 2 singles)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen

Outside Service area at rear
Garage (used for stock at present)

Tenure We understand the premises are held on a secure renewable lease from a private landlord having approx. 5 years unexpired at a rental of £21,500 p.a. exclusive of rates, fixed for the remainder of the terms.

Uniform Business Rates: £3,857 p.a. plus water rates (metered)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : M2107