Music Instruments and Gift Shop in Kent For Sale

Situated in a parade, excellent High Street trading position, sought after residential area, KENT.

Turnover £ 2,750
Price £35,000

Features

Old Established Music & Gift & Hobbies Shop

5 DAYS OPENING
Guitar repairs and Servicing
Bike repairs and Servicing

SINGLE FRONTED PREMISES in the region of 965 ft² with vinyl floor, suspended ceiling with spot and fluorescent lighting, sales counter, cash register, modern adjustable shelving.

Conservatory used for teaching

Kitchen

Service Room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 - £3,000 p.w. with a Gross profit of 35 - 40 % approx.

Staff

The business is at present operated by the vendor

Trading Hours

5 Day week
TUESDAY - SATURDAY 9am - 5pm

Outside

Rear garden with Lodge also used for teaching

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2017 with reviews every 4 years (next review 2029) at a current rent of £16,200 p.a.

Business Rates from April 2025 £3,890 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote