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Reference M4843

Bridal Wear Shop in Croydon For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SOUTH LONDON/SURREY BORDERS CROYDON

Turnover 6,000
Price 50,000

Features

Spacious well Fitted Bridal Shop

The business has been in the same hands for the past 17 years and there are genuine reasons for sale.

SPACIOUS PREMISES in the region of 1,500 sq. ft. area. Front of shop with quality hardwood strip floor. Fitting rooms fully carpeted.

3 Fitting Rooms

2 Cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 6,000 p.w. We are further advised that the sales year ending March, 2018 showed in the region of 250,000. We further understand the gross profit is in the region of 54%.

Staff

At present operated by 1 of the partners (mainly weekends). Staff employed 1 full time plus 3 part time staff.

Trading Hours

Monday & Tuesday - 10 a.m. - 5 p.m.
CLOSED WEDNESDAY
Thursday - 10 a.m. - 9 p.m.
Friday - 10 a.m. - 5 p.m.
Saturday - 9 a.m. - 6 p.m.
Sunday - 10 a.m. - 5 p.m.

Outside

To the rear are 2 garages

Tenure

We understand the entire premises are held on 2 separate leases each having approximately 3 years unexpired at an overall rental of 30,000 p.a. exclusive of rates.

Uniform Business Rates: 14,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 50,000 plus STOCK AT VALUATION (100,000 at cost approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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