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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Situated in a parade, excellent main road trading position, ESSEX (Please register to make appointments and view addresses)

Pay & Display Car Park nearby

SPACIOUS & IMPRESSIVE DOUBLE FRONTED SALES SHOP with double doors approx. 30ft frontage in the region of 800/900 sq. ft. sales area. Laminated strip floor, suspended ceiling with concealed lighting plus spotlighting. Attractive display stands, glass display shelving, counter, electronic cash register.

WE ARE INFORMED the turnover averages £9,000/£9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 30th April, 2007 showed £421,113 with a gross profit of £126,521. In our opinion there is potential for part of the sales area to be developed with ladies' fashions, if desired.

The business is at present operated by the vendor's wife (3 days per week) plus 3 part time staff. Wages paid in the region of £600 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

10 a.m. - 5.45 p.m. six days per week
CLOSED ALL DAY SUNDAY

We understand the premises are held on a secure renewable lease having approximately 7½ years unexpired at a rental of £46,000 p.a. exclusive of rates for the next 2½ years, with rent to be agreed thereafter. In addition we understand there is a service charge currently of £800 per quarter.

Uniform Business Rates: £9,850 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17½ YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£70,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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