Designer Casual Clothes Shop In Puerto Rico For Sale

Business description

Modern Jeans & casual wear clothes shop in Puerto Rico.
Rent: 2,500€/month Community charge: 138€/month

Easy to find on a corner plot next to Spar supermarket on the ground floor of the main shopping centre in Puerto Rico is this bright, eye-catching, air conditioned shop.

Being on the corner, this shop has a larger than average terrace (50m²) which the current tenant is using to good effect with a good display of clothes on mobile stands so closing up at might is merely a matter of rolling the stands into the shop.

The shop (50m²) its self has good clear signage and is protected by 3 electric metal shutters. The 2 exterior walls are plate glass, as are the double doors.

The interior is modern with a pale brown tiled floor, white suspended ceiling with inset down lights and a central air conditioning unit. The walls are fitted with a range of display stands, racks and shelves and there are a number of moveable island display units. Some of these have drawers at the bottom for storing additional stock. On one wall is a TV & DVD player and the electrics & phone point are in a concealed cupboard.

There is a sales counter with till, credit card machine and storage under.

Included in the sale is ALL the stock – valued in June 2009 at approximately 81,000€.

The rent is on a rolling annual contract and 50% of the rent due until the renewal date in February 2010 has already been paid, so until next Feb. the rent is only 1,250€/month.

Puerto Rico is traditionally one of the most popular resorts for package holidays – particularly for the British and Scandinavians, and being next to a major supermarket such as Spar, is a great location as it is so tempting to pop in when doing the food shopping.

Normally you would expect to pay at least 30,000€ just to take over such a modern, well positioned shop as this, so with the addition of over 80,000€ of stock this has to be a real bargain!

Property information

Real Estate:

Lease

Lease terms:

Annual rolling lease. Renews in February 2010. 50% of the rent until then has already been paid & is offered as part of the deal.

Leasehold rent:

€30,000 per annum

Location:

Ground floor of main shopping centre next to a major supermarket.

Premises details:

50m² of modern retail space with plenty of display racks, stands, shelving etc, including many portable display units for the large terrace

Other information

Expansion potential:

It would be possible to open other stores in other towns

Competition / Market:

None offering this range & quality

Inventory / Stock value:

€80,000 (included in the asking price)