FinanceYou can borrow
£ 49,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Profitable Party & Fancy Dress Shop, Impressive Shop with Substantial Basement for Sale
Excellent trading position, LONDON W
Features
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
Office
Staff cloakroom with w.c. and wash hand basin
Turnover
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.
Staff
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.
Opening Hours
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).
Outside
Car parking space at rear for 1 car.
Tenure
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
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
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