Construction Clothes Shop in Streatham For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SOUTH WEST LONDON

Turnover £ 3,000
Price Offers / £300,000

Features

Long Leasehold 97 Years Construction Clothing & Footwear Business

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 960 ft² WITH ELECTRIC SHUTTERS. Tiled floor, ceiling with fluorescent lighting. Sales counter, EPOS till & cash register, modern adjustable shelving, hanging rails, shoe shelving.

Toilet with w.c. and wash hand basin.

Kitchen

Basement, used for storage purposes.

First floor small Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 50% approx.

Staff

The business is at present operated by the vendor

Trading Hours

6 Day week
CLOSED THURSDAY
FRIDAY - WEDNESDAY 10am - 5.30pm

Tenure

The vendor owns the long leasehold property and subject to satisfactory references is prepared to grant a new 16 years lease, 4 yearly reviews at a rent of £20,000 p.a.

LONG LEASEHOLD 97 YEARS LEASE. ZERO RENT FROM 2022.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1985 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS plus STOCK AT VALUATION (£80,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION (£80,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 210,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote