Hardware and Electrical Retailer in Kent For Sale

Occupying a corner position, excellent trading position, residential area, Kent.

Turnover £ 3,000
Price £100,000

Features

Hardware / Diy Store Including Plumbing, Electrical and Homeware Goods

6 DAYS OPENING


SINGLE FRONTED PREMISES, in the region of 1,000 ft², CCTV (12 cameras), Tiled floor, plasterboard ceiling, LED lighting.

Sales counter, EPOS cash register.

Fully shelved, key cutting machine (mortice and cylinder machine), display boards, etc.

Staff cloakroom with toilet and wash hand basin.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 40% approx.

Staff

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

Trading Hours

6 Day week
MONDAY - SATURDAY 8.30 a.m. - 5.30 p.m.

CLOED SUNDAYS

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above with Gas Fired Central Heating comprising;

3 Bedrooms (2 Doubles, 1 Single)
Kitchen / Diner
Bathroom with bath, toilet and wash hand basin.,

We are advised the flat is at present let on a shorthold tenancy providing a rental income of £1,500 per month.

Outside

Dry Store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £22,500 + VAT p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£75,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote