Furniture and Homeware Store in Shropshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Shropshire

Turnover £ 4,750
Price £69,500

Features

Furniture Plus Home Accessories and Decorative Items

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 3,150 ft² with wood strip floor, spot and hanging lighting, Air conditioning with hot air, sales counter, EPOS till

Spacious Open Plan Show room.

Café (rented out for £18,900 p.a), sales counter, Tables and chairs providing seating for 30 People, Coffee Machine (3 Group), dishwasher

Toilet with w.c. and wash hand basin.

Addition Basement sales area in the region of in the region of 750 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,750 p.w. with a Gross profit of 24.6% approx. The 2024 accounts show sales of £204,425 with Gross Profit of £82,954 plus a retail income of £18,900 from the café area

Staff

The business is at present operated by 1 full time member staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 10am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 6 years in 2021 with reviews every 3 years (next review December 2027) at a current rent of £34,500 p.a.

(As will be appreciated with the rental income currently of £18,900 p.a. in respect of the café area, there is in fact at the present time a rental payable of £15,600 p.a).

Business Rates from April 2025 £7,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£45,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote