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Reference C9125

Confectioners and Gift Shop in Hyde Park For Sale

Register to see map and to make an appointment Situated in a parade, excellent tourist area West LONDON HYDE PARK

Turnover 5,000
Price 120,000

Features

Well Fitted Sales Shop Selling Souvenirs, Confectionery, Soft Drinks

SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, ceiling with LED lighting & well equipped including modern shelving, 2 open cool display units, counter, electronic cash register etc.

Turnover

WE ARE INFORMED the turnover averages 5,000/6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand approximately 70% of turnover is in respect of souveniirs/ We further understand the overall gross profit is in the region of 65%. Please note the lease does not allow for an Off Licence to be operated from the premises.

Staff

At present operated by a family member on a full time basis plus 1 full time staff

Trading Hours

7 a.m. - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of 40,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 12,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED BUSINESS IN THIS EXCELLENT TRADING POSITION

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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