9024NG ELECTRICAL & GIFT SHOP F/H £262,000+SAV
Business for sale
Business descriptionAdvent Business Sales are pleased to offer to the market this extremely well established electrical and gift ware shop, which has been trading successfully for the past 35 years.
The current vendor has been in constant ownership from the beginning. The owner is reluctantly selling due to ill health in the family.
The original business started by our client was that of television and video repair and servicing. As this business declined, our client looked round for another trading opportunity. This eventually led to the shops offer as it is today, notably small domestic appliances, everyday tools, watches, gifts and lighting as well as clocks and personal radios, appliance interfaces and associated products.
The shop is sole agent for the prestigious Betty Boop figurines.
The shop is generally of good dιcor and displays its sales products exceptionally well, maximising space to the best usage.
The size of the retail establishment is some 500 sq ft with a gross frontage of 14 x 4.
We are advised that stock at cost is approximately £25,000.
Two full time employees staff the business,
There is permission to revamp the site or to join the rear of the shop to the old repair workshop, making an extension to the sales area. This would more than double the display area. There is no doubt that this is a shop with a niche market in the area and would be ideally suited to a younger couple.
Mon-Sat: 9am 5.30pm
The property is two storey semi detached and briefly consists of:
Double fronted door to centre
Left hand side of shop is shelved and has glass cased displays
Counter at back of shop
To the rear is the office, storeroom and kitchen and a door to the yard
To left of yard is a staff w/c and rear stock room measuring 117 sq ft
Old tv repair workshop which is 739 sq ft
Side passage leading to an outside stairway to the first floor
Lighting stock room under these stairs
Large studio flat with separate kitchen and bathroom. This is well decorated and fitted out and could be moved into immediately
Car parking for 2 cards at front deeply paved to the roadway
We are advised that the annual business rates are currently: £3,160.90