Old established HABERDASHERY, KNITTING WOOLS, HOSIERY, PATTERNS
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WE ARE INFORMED the sales year ending 30th April, 2007 showed £86,206 with a gross profit of £37,855 and a net profit of £16,983. In our opinion the business offers tremendous potential for further increase in the right hands.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire an old established Haberdashery Business, which has been in the same hands since July, 1983 and is now solely offered for sale due to the owner's retirement.
SPACIOUS SINGLE FRONTED SALES SHOP, fully carpeted. The equipment includes display stands, shelving, counter, electronic cash register etc.
Kitchen/office
Staff cloakroom
Staff
The business is at present operated by 2 partners (normally only 1 in the shop at any one time) with the assistance of 2 part time staff.
Opening
Hours
Tuesday - Saturday inclusive - 8.30 a.m. - 5 p.m.
CLOSED ALL DAY SUNDAY & MONDAY
The business is also closed on all bank holidays
Outside
To the rear of the shop is parking space for 2 cars
Tenure
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having 4 years unexpired from December, 2007 at a rental of only £5,000 p.a. exclusive of rates. (We understand there was no increase implemented on the last rent review).
We further understand that the landlord will consider a surrender of the existing lease and subject to satisfactory references granting a new longer lease at rent and terms to be agreed.
AS STATED THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.
