Search more Gift Shops for sale in Middlesex
Reference M4893

Gift Shop in Middlesex For Sale

Gift Shop in Middlesex For Sale
Gift Shop in Middlesex For Sale Buy a Gift Shop in Middlesex For Sale Sell a Gift Shop in Middlesex For Sale Gift Shop in Middlesex For Sale for Sale

Register to see map and to make an appointment Excellent trading position, shopping centre, MIDDLESEX

Turnover 8,648
Price 129,000

Features

Superbly Fitted Unique Gift Retailer~established 1982---retirement Sale

ATTRACTIVE & SPACIOUS GIFT SHOP in the region of 1,000 sq. ft. sales area with quality laminate floor and air conditioning. 24 glass display cabinets plus 2 large centre display cabinets, checkout counter, computerized touchscreen till with EPOS scanning system. Newly fitted out in 2014.

First floor large storeroom with racking

Staff w.c.
Office

Turnover

WE ARE INFORMED the sales year ending 31st December, 2017 showed 449,723 with a gross profit of 268,994 i.e. 59.81% &Taxable profit 136.319 with a net profit of 129,512. There is further potential to increase profit by:

(1) By opening till 6 p.m. Late night shopping on Thursday, Bank Holiday & Sundays (as Shopping centre is open then)

(2) Potential to increase business subtantially by (a) establishing a website and/or (b) Selling online, eBay, Amazon

Staff

At present operated by 2 brothers with the assistance of 4 part time staff plus casual staff when required.

Trading Hours

Monday - Saturday - 9 a.m. - 5.30 p.m.
Closed all Bank Holidays
No Sunday Opening except
only opening end of September to end of December plus 2 Sundays before Valentines Day, Mothers Day & Fathers Day

Tenure

We understand the premises are held on a renewable lease, the present lease expiring on the 24th November, 2024 at a current rental including service charge of 33,541 up to the 25th November, 2019 with a rent review at that time.

Uniform Business Rates: 17,115 p.a. approx. from April, 2018

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED & PROFITABLE GIFT SHOP IN THIS SOUGHT AFTER LOCATION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 129,000 plus STOCK AT VALUATION (44,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 64,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Gift Shops for sale in Middlesex

Buy a Gift Shop in Middlesex For Sale on NationwideBusinesses.co.uk

Other people also viewed:

70,000
Card & Gift Shop in Harrow



Need an Energy Performance Certificate?