Business for sale

Business description

We are informed the turnover averages £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 54% approx. We are further advised that the sales year ending 28th February, 2007 showed £273,419 with a gross profit of £147,131.


Price: OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £120,000 plus STOCK AT VALUATION (£150,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: ATTRACTIVE & SPACIOUS SALES SHOP fully carpeted, air conditioned, spotlighting. Well fitted including 9 glass display counters, 5 illuminated display cabinets, electronic cash register, computer system, 2 safes.

Stairs to first floor providing air conditioned office,
Fully equipped air conditioned workshop
Kitchen area with microwave and fridge
Staff cloakroom with w.c. and wash hand basin


Staff: the business is at present operated by a husband and wife team with the assistance of 2 full time plus 1 part time and 1 casual staff employed 1 day per week. Wages paid £650 p.w.


Opening Hours Monday - Saturday inclusive - 9 a.m. - 5.15 p.m.
NO SUNDAY TRADING
with the exception of during the month of December the business opens on Sunday from 10 a.m. - 4 p.m.


Outside We understand that 2 car parking spaces are included in the lease.


Tenure We understand the premises are held on a secure renewable lease, the present lease expiring in March, 2008 at a rental of £28,000 p.a. exclusive of rates.

Uniform Business Rates: £10,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : M2374