Profitable Party & Fancy Dress Shop, Impressive Shop with Substantial Basement for Sale
Excellent trading position, LONDON W
Spacious single fronted Sales Shop approx. 960 sq. ft. sales area, carpeted. Fully equipped including shelving, counter, electronic cash register, display stands, rails etc.
Large basement in the region of 2,500 sq. ft. with racking used for storage purposes
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover is in the region of £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 45% approx.
The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 1 full time staff, 1 Saturday person plus additional part time staff when required.
Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
CLOSED ALL DAY SUNDAY
(It should be noted that depending on the season, the business may remain open until 7 p.m. especially at Halloween, Bonfire Night and the Christmas period).
Car parking space at rear for 1 car.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £35,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,500 p.a. approx. + water rates (metered)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view