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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. We are further advised that the sales year ending 31st May, 2006 showed £225,000 with a gross profit of £90,000.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Impressive and spacious DOUBLE FRONTED SALES SHOP approx. 96ft depth providing a sales area in the region of 1,780 sq. ft. with carpet tiled floor, fluorescent lighting, display stands, shelving, counter, 2 electronic cash registers etc.
Large basement in the region of 1,700 sq. ft. mainly used for stock purposes with extensive racking.
Staffroom
Staff w.c.
Staff
The business is a family run concern with the assistance of 5 part time staff employed.
Available as an optional extra on a shorthold tenancy at a rental of £520 per month is a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING. This flat comprises:
1 Double Bedroom
Fully fitted Bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Tenure
We understand that subject to satisfactory references the landlords are prepared to grant in respect of the shop premises a new 12 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £7,250 p.a. approx. + water rates
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
