Impressive double fronted Sales Shop approx. 500 sq. ft. sales area, all recently newly fitted at considerable expense. Suspended ceiling with concealed lighting, floor all newly carpeted. The equipment includes counter, electronic cash register, centre display gondola, modern adjustable shelving, 4 greeting card display stands (3 with drawers under plus 1 with gift wrapping paper section), 2 other car display units, in addition, there are 3 revolving card display stands (on loan), upright double door drinks display fridge (on loan). Post Office counter with anti-bandit screen etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 30% approx. Post Office salary £58,000 p.a. approx.
Staff
The business is at present operated by a lady vendor with the assistance of 3 part time staff plus 1 Saturday girl in respect of the retail shop. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
It will be appreciated upon inspection that there is potential for additional opening hours
Accommodation
The accommodation in the form of a spacious MAISONETTE over with virtually full DOUBLE GLAZING and FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
The accommodation is at present let on a shorthold tenancy and provides a rental income of £850 per month. However, we understand that vacant possession can be given if required.
Outside
Medium sized garden.
Double garage.
Tenure
We understand the premises are held on a new 15 years full repairing and insuring lease from December, 2005 at a rental of approx. £13,600 p.a. exclusive of rates up to December, 2010, with rent review at that time and thereafter after the following 5 years.
Uniform Business Rates: £1,400 p.a. approx. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £120,000 plus STOCK AT VALUATION (£5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
