Shoe Repairs and Key Cutting in Northamptonshire For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, Northamptonshire.

Turnover £ 1,900
Price £55,000

Features

Shoe Repairs & Key Cutting

5 DAYS OPENING

SINGLE FRONTED RETAIL SHOP in the region of 1,093 ft² with carpet tiled floor & vinyl floor, suspended ceiling with fluorescent lighting, sales counter, cash register, 3 key cutting machines, various shoe repairing machines.

Stock room.
Toilet with w.c. and wash hand basin.
Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,700 - £2,100 p.w. (approx 40% shoe repairs) (clsoed 5 weeks per year for holidays)

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

5 Day week
MONDAY & TUESDAY & THURSDAY & FRIDAY 9am - 5pm
SATURDAY 9am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £10,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£1,500 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote