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Reference M4952

Hardware Store in Surrey For Sale

Hardware Store in Surrey For Sale
Hardware Store in Surrey For Sale Buy a Hardware Store in Surrey For Sale Sell a Hardware Store in Surrey For Sale

Register to see map and to make an appointment Busy road, densely populated residential area, SURREY

Turnover 3,000
Price 35,000 / 249,000

Features

Detached Hardware, Domestic, Diy

Forecourt used for display purposes to -

DOUBLE FRONTED SALES SHOP approx. 10 metres wide x 14 metres depth with tiled floor, fluorescent lighting. Well equipped including adjustable shelving, 2 display gondolas, electronic cash register, electronic scales, 3 key cutting machines, paint mixing machine etc.

Office
Kitchen area
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 50%. We further understand that the sales year ending December, 2018 showed 120,000 net of VAT

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 1 part time staff employed.

Trading Hours

Monday - Friday inclusive - 8.30 a.m. - 5 p.m.
Saturday opening - 9 a.m. - 4 p.m.
NO SUNDAY TRADING

Outside

Garage used for storage purposes
Partly covered rear yard used for storage of bottle gas and timber

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of 14,000 p.a. exclusive of rates for the first 5 years, with upward only rent review at that time and thereafter after the following 5 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURS & FITTINGS 249,000 plus STOCK AT VALUATION (40,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (lease) 174,300 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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