Cards Gift and Toy Shop for sale in Berkshire
Business for sale
Asking Price:
£350,000
Turnover:
£112,814
Annual profit:
£31,401
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Location this business is located in berkshire.Turnover we are informed the turnover averages £2,000 p.w., in our opinion offering tremendous potential for further development in the right hands. We are further advised that the sales year ending 31.5.06 showed £112,814 with a gross profit of £48,624 and a net profit of £31,401.
Price offers invited to include the valuable freehold property, goodwill, fixtures & fittings, in the region of £350,000 plus stock at valuation (£17,000 approx.) substantial mortgage to an approved applicant.
Features the business, we understand, has been established for in excess of 40 years and has been in the present ownership since may 1992.
Spacious double-fronted sales shop, approx. 650 Sq. Ft. Sales area, with suspended ceiling, concealed lighting, pegboarding. Equipment includes electronic cash register, centre display gondola, 2 greeting card display stands with drawers, etc.
Staff cloakroom with w.c. And wash hand basin.
Staff the business is at present operated by the owner and no staff are employed.
Opening hours monday/friday incl. 9 A.m. - 5 P.m.
Saturday, 9 a.m. - 4.30 P.m.
Accommodation the accommodation, in the form of a self contained maisonette over, fully double glazed and with economy 7 night storage heating, is at present let on a shorthold tenancy and provides a rental income of £725 per month, however, we understand vacant possession can be given, if required on completion. The accommodation comprises:
2 Double bedrooms, 1 with en suite bathroom with bath, shower over bath, w.c. And wash hand basin.
Additional bathroom with bath, w.c. And wash hand basin.
Large lounge, 15 ft. X 12 ft. Approx.
Kitchen with fitted units and dinning area.
Outside large yard at rear, providing parking space for 4/5 cars. In our opinion, there is potential to extend the shop at the rear, subject to obtaining the necessary planning permission.
Tenure uniform business rates: £1,100 p.a. Approx. (After small business relief).
As stated, the business has been in the same hands for approx. 15 Years and there are genuine reasons for sale.
Personally inspected and highly recommended.
Must be seen to be fully appreciated.