Profitable Old Established Hardware, Domestic, Diy, Paints, Gardening For Sale

Business description

Forecourt used for display purposes to -

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 750 sq. ft. sales area, suspended ceiling with concealed lighting, carpet tiled floor. The equipment includes shelving, display stands, counter, computer system with 3 tills etc.

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

To the rear of the premises is a large secure yard used for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring on the 1st April, 2014 at a rental of £18,200 p.a. exclusive of rates up to April, 2011, with rent to be agreed thereafter.

Uniform Business Rates: £5,181 p.a. + water rates

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, WEST SUSSEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 49% approx. We are further advised that the sales year ending 31st March, 2008 showed £230,152 with a gross profit of £114,947. We are further advised that the estimated sales year ending 31st March, 2009 showed £228,843 with an estimated gross profit of £117,893.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£35,000/£40,000 approx) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.