Art Material Shop in Southampton For Sale

Situated in a parade, sought after position, close to University HAMPSHIRE SOUTHAMPTON

Turnover £ 1,400
Price £25,000

Features

Old Established Artists Material Shop

SPACIOUS SALES SHOP in the region of 680 sq. ft. sales area with tiled floor, suspended ceiling, concealed lighting. Well equipped includig shelving, counter, electronic cash register, photocopier.

Fully fitted stockroom

Stairs to first floor LARGE GALLERY

Small kitchen area
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of £70,000 p.a. in our opinion offering tremendous potential for further development in the right hands. We are further advised that the gross profit is in the region of 50%.

Staff

The business is at present operated by the vendor with the assisance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 5 p.m.
Sunday opening - 11 a.m. - 4 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 2½ years unexpired at a rental of £10,000 p.a. exclusive of rates.

Uniform Business Rates: Nil for finacial year 2017 / 2018 .

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 12,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote