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WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 40% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £10,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
RETAIL FURNITURE BUSINESS specialising in Oak, Pine and Dark Wood Furniture including bedroom and dining room furniture, cabinets, mirrors. No sofas or upholstery is involved.
Ground floor sales area, including office and kitchen, approx. 2,600 sq. ft.
Stairs to first floor, carpeted, providing an additional display area of approx. 2,150 sq. ft.
On the ground floor is a large storage area with roller shutters providing an additional area of approximately 5,300 sq. ft. in our opinion, part of the storage area could be sub-let for storage purposes, if desired.
Staff
The business is at present operated by a lady vendor with the assistance of 1 full time staff.
We understand the premises are held on a secure renewable lease for a period of 10 years from September, 2006 at a rental of £40,000 p.a. exclusive of rates up to September, 2008, increasing to £45,000 p.a. exclusive of rates up to September, 2009 and increasing at that time to £50,000 p.a. exclusive of rates up to September, 2010, with rent to be agreed thereafter.
