Business for sale

Business description

We are informed the turnover averages in the region of £13,000 p.w. inclusive of VAT. We are further advised that the sales year ending 31st December, 2006 showed £570,153.34 with a gross profit of £255,428 and a net profit of £122,529.83.


Price: OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £450,000 plus STOCK AT VALUATION (£60,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: SPACIOUS SALES SHOP approx. 1,100 sq. ft. with woodstrip floor, suspended ceiling with spotlighting. Display stands, counter, EPOS scanning system with till.

Stockroom
Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present operated under management. Staff employed 1 full time manager plus 3 full 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 inclusive - 9 a.m. - 5.30 p.m.
Sunday opening - 11 a.m. - 5 p.m.


Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 7½ years unexpired at a rental of £86,000 p.a. exclusive of rates for the next 2½ years, with rent to be agreed thereafter.

Uniform Business Rates: £27,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A HIGHLY PROFITABLE BUSINESS IN THIS SOUGHT AFTER KENT LOCALITY.

RECOMMENDED FOR EARLY INSPECTION


Reference : M2371