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We understand the business was opened approx. 18 months ago and the turnover is currently in the region of £1,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £34,500 plus STOCK AT VALUATION (£10,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
ATTRACTIVE SINGLE FRONTED GREETING CARD SHOP approx. 400 sq. ft. sales area with laminated strip floor, suspended ceiling with inset lighting. Well fitted including counter, electronic cash register, slats to walls, 14 greeting card display stands with drawers, 1 revolving card display stand, 1 gift wrapping paper stand etc.
Large stockroom
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by 1 of the partners and no staff are employed.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 2 years unexpired at a rental of £14,000 p.a. exclusive of rates, fixed for the remainder of the term.
We are further advised that the landlord will consider a surrender of the exisiting lease and the granting of a new longer lease at terms and rent to be agreed.
Uniform Business Rates: £4,000 p.a. approx. + water rates
