CTN Greeting Cards & Stationery Shop In Essex For Sale

Business description

DOUBLE FRONTED SALES SHOP occupying a corner position in the region of 600 sq. ft. sales area with lino floor, suspended ceiling, fluorescent lighting and well equipped including counter, till with EPOS scanning system, modern adjustable shelving, 2 revolving greeting card display stands, 1 open cool display unit (used for soft drinks), 1 double door glass fronted drinks display fridge (on loan from Coca Cola) etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 16 years from the 21st July, 2003 at a current rental of £16,000 p.a. exclusive of rates, with rent reviews every 4 years. (As will be appreciated with the current rental income from the flat and garage of £8,700, the net rental payable at the present time is only £7,300 p.a. exclusive of rates).

Uniform Business Rates: £1,900 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £600 per month, however, we understand that vacant possession can be given on completion. The flat is DOUBLE GLAZED and has FULL GAS FIRED CENTRAL HEATING, comprises: 1 Double Bedroom Bathroom with bath, w.c. and wash hand basin Lounge Kitchen

Location:

Situated end of parade, main road trading position, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w.

Reasons for selling:

TO INCLUDE THE SECUR LEASE, GOODWILL, FIXTURES & FITTINGS £28,000 plus STOCK AT VALUATION (£4,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6.30 a.m. - 6.30 p.m.
Sunday opening - 6.30 a.m. - 1 p.m.

Employees:

The business is at present mainly staff operated by 1 full time manager with the assistance of his wife. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. 3 small newsrounds. Delivery charge £2 p.w.

Other information

Financing available:

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