Attractive Well Established Traditional Model Shop In Durham For Sale

Business description

This spacious traditional MODEL SHOP was established in November, 1999 by the present owner and there are genuine reasons for sale.

Shared free parking for 20/25 cars

Entrance to GROUND FLOOR probably in the region of 1,500 sq. ft. area, 750 sq. ft. of which is at present used for storage whilst the additional large area could readily be used as a further retail area, if desired.

Staff cloakroom with w.c. and wash hand basin

Stairs to SPACIOUS FIRST FLOOR AREA in the region of 1,500 sq. ft. woodstrip floor, ample lighting, shelving, display stands etc.

Mezzanine floor, ideal for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a rental of £9,600 p.a. exclusive of rates. We further understand that subject to satisfactory references the landlord would be prepared to grant a longer lease at approximately the same rent, with rent revisions.

AS STATED THE BUSINESS WAS ESTABLISHED BY THE PRESENT OWNERS IN NOVEMBER, 1999 AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Unopposed trading position COUNTY DURHAM

Business Operation

Expansion potential:

WE ARE INFORMED the trading and profit and loss accounts year ending 31st January, 2011 showed £216,923 with a gross profit of £77,011

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (could be reduced to approximately £100,000) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Operated on a 5 day week basis CLOSED ALL DAY SUNDAY
Monday & Tuesday - 9.30 a.m. - 5 p.m.
CLOSED ALL DAY WEDNESDAY
Thursday, Friday & Saturday - 9.30 a.m. - 5 p.m.

Employees:

At present operated by the vendor with the assistance of 1 full time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance