SPACIOUS SINGLE FRONTED SALES SHOP, carpeted, suspended ceiling with concealed lighting and fully equipped including 12 greeting card display stands with drawers under, 8 revolving card spinners (4 owned whilst the other 4 are on loan), counter, shelving, electronic cash register etc.
3 Stock areas
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £1,400 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 52% approx. We are further advised that the sales year ending April, 2007 showed in the region of £86,500 inclusive of VAT.
Staff
The business is at present operated by a lady vendor with the assistance of 1 part time staff (8 hours per week) plus 1 Saturday girl.
The accommodation in the form of a SELF CONTAINED FLAT over, FULLY DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 large double, 1 small double)
Bathroom with bath, shower over bath, w.c. and wash hand basin (new suite)
Large Lounge
Fully fitted Kitchen
First floor patio at rear
Outside
Service area at rear of parade
Tenure
We understand the premises are held on a secure renewable lease, the present lease expiring in September, 2010 at a rental of £11,750 p.a. exclusive of rates up to September, 2008. The present tenant does not anticipate an increase in the rental for the remainder of the term.
Uniform Business Rates: £1,300 p.a. approx. + water rates (metered)
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £29,995 plus STOCK AT VALUATION (£16,000/£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
