Wedding Shop in South London For Sale

Situated in a parade, excellent main road trading position, SW LONDON

Turnover £ 5,770
Price £90,000

Features

Superbly Fitted & Spacious Bridalwear Shop

Modern double fronted shop front to SPACIOUS GROUND FLOOR SHOP in the region of 1,650 ft² split level & with quality tiled floor, ceiling with spotlighting. Rails for the display of wedding dresses, retail counter.

STAIRS TO SPACIOUSE BASEMENT in the region of 650 ft² all refurbished to a very high standard with tiled floor.

Workroom/kitchen
Office
Cloakroom with w.c. & wash hand basin plus storage area

Turnover

WE ARE INFORMED the sales year ending December, 2022 showed £300,000. Net profit £150,000. We further understand the gross profit is between 50/60%.

Staff

At present operated by a lady vendor with the assistance of 1 full time plus 3/4 part time staff when required.

Trading Hours

Monday - Saturday inclusive - 11 a.m. - 7 p.m.
NO SUNDAY TRADING (unless specifically for an appointment)

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £36,000 p.a. excluive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates 2023/2024: £1,200 p.a. approx after small business relief.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATON (negotiable).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote