Hardware & Household Goods Shop in Beckenham For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, KENT. BECKENHAM

Turnover £ 4,500
Price £70,000

Features

Houseware Goods & Diy Shop

DOUBLE FRONTED PREMISES in the region of 1,200 ft² with ELECTRIC SHUTTERS AND CANOPY. Carpet tiled floor, suspended ceiling with LED lights. Sales counter, cash register, modern adjustable shelving. CCTV system (6 cameras, 1 monitor).

Small Stockroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 50% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9.30 a.m - 6 p.m
SUNDAY 10 a.m - 4 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,450 per month. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £40,000 p.a. (As will be appreciated with the current rental income of £17,400 p.a. from the accommodation, the net rental payable at the present time is £22,600 p.a).

Business Rates from April 2022 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote