Jewellers plus Bureau De Change in Essex For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, ESSEX COASTAL TOWN

Turnover £ 6,000
Price £110,000 / £435,000

Features

Well Fitted Retail Jewellery and Bureau De Change

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 950 ft² with ELECTRIC SHUTTERS. Air conditioning with hot air. Carpet tiled floor, suspended ceiling with spot and fluorescent lighting. Glass display sales counter, EPOS till, glass display cabinets. CCTV system (8 cameras, 2 monitors).

Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 50% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

Bureau de change £70,000 per annun approx

Trading Hours

6 Day week
MONDAY - SATURDAY 9.15 a.m - 5 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION (requires modernisation), Double-glazed windows, over 2 floors comprises:

3 Double Bedrooms
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Tenure

The vendors owns the Freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £26,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY (via share transfer), GOODWILL, FIXTURES & FITTINGS £435,000 plus STOCK AT VALUATION (£80,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£80,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) £ 304,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote