Profitable Household Goods Shop in Colindale For Sale

Situated in a parade, excellent main road trading position, NW LONDON COLINDALE

Turnover £ 6,000
Price £195,000

Features

Profitable Household Goods, Diy, Pots & Pans, Small Household Electrical Goods, Stationery, Party Goods, Gifts, Batteries, Key Cutting Plus Passport Photos

Front area used for display purposes (We understand a Licence Fee currently of £1,100 p.a. is payable)

SPACIOUS SALES SHOP approximately 1,000 sq. ft. sales area with shelving, display gondola, counter, electronic cash register, 4 key cutting machines etc.

Turnover

WE ARE INFORMED the turnover currently averages £6,000 p.w. We are further advised that the gross profit is in excess of 60%. The business also has Oyster which we understand provides a commission of approximately £65 p.w. The business also has Paypoint.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff plus family help when required.

Trading Hours

9 a.m. - 7 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a current rental of £16,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 5 years.

Uniform Business Rates: At present we understand nil (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION (in the region of £60,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote