Profitable Party & Fancy Dress Shop, Impressive Shop with Substantial Basement
Spacious single fronted Sales Shop approx. 665 sq. ft. sales area, carpeted. Fully equipped including shelving, counter, electronic cash register, display stands, rails etc.
Large basement in the region of 1,330 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 long leasehold property and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £45,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. Please note the vendors will also consider the sale of the valuable leasehold property which we understand is for a period of 999 years commencing 25th May, 2001 at an initial ground rent of £100 per year.
Uniform Business Rates: £6,500 p.a. approx. + water rates (metered)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £88,000 plus STOCK AT VALUATION (£60,000/£70,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please note the vendors will also consider the sale of the valuable leasehold property which we understand is for a period of 999 years commencing 25th May, 2001 at an initial ground rent of £100 per year.
ASKING PRICE FOR THE LONG LEASEHOLD PROPERTY £725,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 44,000 (lease)
£ 507,500 (freehold)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote