Household Goods Shop in North London For Sale

Situated in a Parade, excellent main road trading position, exclusive residential, office and commercial area, NORTH LONDON suburb.

Turnover £ 5,500
Price £49,950

Features

Superbly Fitted Kitchenware, Houshold Goods, Gardening & Pet Accessories Business

MODERN SINGLE FRONTED PREMISES - CCTV (8 cameras), Laminate flooring, suspended ceiling with LED pendant lights.

Sales counter with EPOS Till (owned), computer.

Various display stands, cabinets, racking and shelving.


Basement - used for storage.

Office.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 50% approx.

Staff

The business is at present operated by the Staff with 1 full time and 1 part time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 9.30 am - 6pm
SUNDAY 10 am - 5 pm

Tenure

The vendor is prepared to grant, to an approved applicant, a new 10 year sub-lease, with an initial rent review in 2028 and every 5 years thereafter, at an initial rent of £40,000 p.a.

Business Rates from April 2023 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS IS OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS COMMITMENTS.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote