Profitable old established HARDWARE, DOMESTIC, DIY, PAINTS, GARDENING
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 49% approx. We are further advised that the sales year ending 31st March, 2007 showed £221,887 with a gross profit of £110,810 i.e. 49.9%.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£30,000/£35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Forecourt used for display purposes to -
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 750 sq. ft. sales area, suspended ceiling with concealed lighting, carpet tiled floor. The equipment includes shelving, display stands, counter, computer system with 3 tills etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
To the rear of the premises is a large secure yard used for storage purposes
Staff
The business is at present operated by the vendor on a part time basis with the assistance of 2 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease, the present lease expiring on the 1st April, 2014 at a rental of £18,200 p.a. exclusive of rates up to April, 2011, with rent to be agreed thereafter.
Uniform Business Rates: £5,181 p.a. + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
