Business for sale

Business description

location - this business is located in central london.

Turnover - we are informed the sales year ending september, 2003 showed £301,664 with a gross profit of £175,910 and an audited net profit of £49,890.


Price to include the secure lease, goodwill, fixtures & fittings £245,000 plus stock at valuation (£30,000 approx).
Substantial loan to an approved applicant

Features 3 display windows to -

Ground floor sales shop approx. 600 Sq. Ft. Carpeted, spotlighting in windows, fluorescent lighting, shelving, illuminated glass display counter, 2 illuminated glass display units, electronic cash register etc.

Staff cloakroom with w.c. And wash hand basin

Large basement approx. 680 Sq. Ft. Used for storage purposes, however, in our opinion could be used as an additional retail area.

Staff the business is at present operated by a husband and wife team with the assistance of 2 part time staff.

Opening hours monday - friday inclusive - 9.30 a.m. - 6 P.m.
Saturday opening - 11 a.m. - 5 P.m.
No sunday trading

Tenure we understand the premises are held on a secure renewable lease, the present lease expiring in march, 2007 at a rental of £51,000 p.a. Exclusive of rates up to march, 2007, with rent to be agreed thereafter.

Uniform business rates: £18,000 p.a. Approx. (Under appeal)

This old established business has been in the same hands since 1985 and is now solely offered for sale due to the vendor's retirement

Recommended for early inspection


reference : m1742