Spacious sales area plus rear section in the region of 950 sq. ft. Laminated strip floor, suspended ceiling with concealed lighting. Counter, slats to walls, OSS-3101 digital (approx. 4 years old), Canon Image Prograf W8 400, Nortisu QSF-V30 negative processor, HP-A3 colour copier, Magicolour S430DL copier, fully automatic sleeve cutter, fax machine.
Photo Studio
Dark Room
Rear room with colour copier, sink
Office
Staff cloakroom
Turnover
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx. We are further advised that the sales year ending December, 2007 showed £152,324 with a gross profit of £91,683. We understand the business is operated under a Franchise with a fee payable at present of £1,000 p.a. We are further advised that the Franchise Agreement can continue or be terminated if desired.
Staff
The business is at present operated by 1 partner with the assistance of 1 full time and 1 part time staff.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £29,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £10,000 p.a. approx. + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1985 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £27,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
