Attractive single fronted medium sized Sales Shop, fully carpeted, fluorescent lighting, display rails, 3 revolving display rails, glass display counter etc.
Store cupboard at rear of shop.
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st October, 2006 showed £137,220 plus rental income from the accommodation of £12,270 providing a gross profit of £59,531 plus rental income of £12,220 providing a total gross profit of £71,351.
Staff
The business is at present operated by a lady vendor with the assistance of 3 part time staff.
Opening
Hours
Monday - Friday inclusive - 9.30 a.m. - 5.30 p.m.
Saturday opening - 9 a.m. - 5 p.m.
NO SUNDAY TRADING
The business is also closed on all Bank Holidays
Accommodation
The accommodation in the form of a SELF CONTAINED FLAT over, is at present partly let on a shorthold tenancy and provides a rental income of £230 p.w. The accommodation comprises:
2 Bedrooms (1 double, 1 large single)
Shower room with shower, w.c. and wash hand basin
Lounge
Kitchen
The landlord allows 2 of the rooms to be sub-let and these provide a total rental income of £180 p.w. however, we understand that vacant possession can be given on completion, if required.
Outside
Car park at rear with parking space for 2 cars.
Tenure
We understand the entire premises are held on a secure renewable lease for a period of 5 years from the 24th August, 2004 at a rental of £11,000 p.a. exclusive of rates, fixed. We further understand that the landlord, subject to satisfactory references is prepared to grant a new longer lease at rent and terms to be agreed.
Uniform Business Rates: £900 p.a. approx. (after small business relief) + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 21 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£30,000 approx. could be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
M2088
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
