Party & Gift Shop in Buckinghamshire For Sale

Sought after residential area, SOUTH BUCKS

Turnover £ 2,000
Price £65,000

Features

Attractive Party Shop Including Fancy Dress, Balloons, Partyware & Greeting Cards

ATTRACTIVE SINGLE FRONTED SALES SHOP. Sales area in the region of 450 sq ft, suspended ceiling with LED lighting, carpet tiled floor, counter, electric cash register, 6 greeting card display stands with drawers under, 2 spinners.

Stockroom

Kitchen - Fridge, sink, toaster, microwave, kettle.

Staff toilet and wash hand basin.

Turnover

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for development in the right hands especially with the introduction of fireworks (subject to Local Authority and landlord's consent). We are further advised the gross profit is in the region of 60%.

Staff

The business is at present operated the vendor and one part time staff member.

Trading Hours

6 DAY WEEK

Monday - Friday inclusive - 10 a.m. - 5 p.m.
Saturday - 9.30 a.m. - 5 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours

Outside

Rear access with parking for 2 vehicles.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 10 years unexpired from November, 2014 at a current rental of £15,000 p.a.. We are advised the landlord is prepared to grant, to an approved applicant, a new 5 years lease.

Uniform Business Rates: NIL after 100% small business relief. (Contact Local Authority to confirm.)

OFFERED FOR SALE DUE TO VENDOR'S RETIREMENT

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote