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WE ARE INFORMED the turnover year ending 31st August, 2005 showed £154,062 with a gross profit of £54,551 (including rental received in respect of the accommodation over of £4,527). It should be noted that the turnover is for the kitchens, the labour charges for installing the fitted kitchens is undertaken by contractors and we understand the contractors collect the labour charges direct from the individual clients.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £38,000 (including the 2 Kitchen Displays)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £275,000 (including the 2 Kitchen Displays)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
Victorian Property
Attractive SINGLE FRONTED SHOWROOM approx. 420 sq. ft. area with 2 Kitchen displays (included in the sale). Computer.
Rear office
Rear section 5ft x 14ft to rear store 9ft x 20ft
Staff w.c. wash basin
Brickbuilt store at rear 9ft x 15ft approx. with rear vehicle access
Large cellar
Staff
The business is at present operated by the vendor with occasional part time assistance.
Opening
Hours
The Showroom is at present open from 10 a.m. - 2 p.m. Monday - Saturday inclusive.
Accommodation
The accommodation in the form of SELF CONTAINED accommodation over with DOUBLE GLAZING to rear of property and FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £535 per month, however, we understand vacant possession can be given on completion if required. The accommodation comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted Kitchen/Dining Room
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £692 p.a. approx. + water rates
THE BUSINESS HAS BEEN ESTABLISHED FOR APPROX. 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
