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Reference M5065

Sound & Lighting Equipment Business in Kent For Sale

Register to see map and to make an appointment SOUTH EAST ENGLAND LOCALITY

Turnover 2,824
Price 45,000

Features

Sound & Lighting Equipment Business For Sale & For Hire Plus Some Events

Situated industrial estate.

SPACIOUS PREMISES in total approximately 1,800 sq. ft. comprising ground floor approximately 1,000 sq. ft. plus mezzanine floor of 800 sq. ft. The vendors also rents the adjoining warehouse providing approximately additional 1,800 sq. ft. comprising ground floor 1,000 sq. ft. plus mezzanine floor of approximately 800 sq. ft.

Turnover

WE UNDERSTAND the turnover year ending 31st March, 2019 showed 146,816 with a gross profit of 105,540. In our opinion the business offers tremendous potential for further development in the right hands.

Staff

At present operated by the vendor with the assistance of 1 full time plus 1 part time book keeper.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 5 p.m.
Saturday opening - 10 a.m. - 2 p.m.

Tenure

The main warehoue is held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of 10,000 p.a. exclusive of rates. The adjoining warehouse has recently been leased from the same landlord for a period of 5 years at a rental of 10,000 p.a. exclusive of rates.

Uniform Business Rates; Nil payable at present with small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 45,000 or near offer plus STOCK AT VALUATION (50,000/55,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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