Business for sale

Business description

We are informed the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx. We are further advised that the sales year ending 31st December, 2007 showed £80,017 with a gross profit of £58,244.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TOAN APPROVED


Features: The business is located on a busy pedestrian route, next door to main entrance in busy shopping centre and directly opposite the town's main Post Office. Nearby retailers include Portland Building Society, Maplin Electronics etc.

The beautifully decorated shop we understand was established in excess of 20 years ago and has been in the present hands for 4 years.

The front of the shop is fitted with a folding canopy and has 2 stainless steel tables and 4 chairs.

The SHOP comprises of a well equipped retail area including breakfast bar with 3 stools, large refrigerated serveover counter with 3-door refrigerated storage section, 3 group espresso coffee machine, hot pie display cabinet, panini grill, toaster, microwave oven, upright double door fridge, small fridge, stainless steel sink, wash hand basin, electronic cash register, wall mounted shelving, storage cupboard with worktops. CCTV recording system.

Stairs to first floor area used as storage, but in our opinion could be used as an extra preparation area or office.

Staff cloakroom with w.c. and wash hand basin


Staff: The business is at present mainly staff operated with 1 full time and 1 part time staff.


Opening Hours Monday - Saturday inclusive - 8 a.m. - 4 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours.


Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £9,000 p.a. exclusive of rates, with no rent revisions.

We understand the landlord, subject to satisfactory references, is prepared to grant a new longer lease, at rent and terms to be agreed.

RECOMMENDED FOR EARLY INSPECTION


Reference : R8502