Leasehold Lighting Importer & Retailer For Sale

Business description

Bag a Business is delighted to offer to the market this high class lighting importer and retailer in London. Lighting International has been in the careful ownership of our client since 1985 and is only now being offered to the market due to his wish to retire. During our client's ownership he has built up an enviable reputation and has refurbished the trading area bringing it to the high standard it enjoys today. Due to its prominent trading position the business generates high levels of footfall, which in turn produce all year round trade from regular repeat customers and new customers derived from word of mouth recommendations. The business currently generates a turnover in the region of £610,000 per annum with a gross profit of 55%. The company derives its turnover from a solid contract base coupled with retail sales from the general public. Bag a Business recommend early viewing to appreciate the quality and future potential of this thriving business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 20 years
Remaining length: 8 years
Review every: 3 years
Rent: £94,000 per annum

Living accommodation:

PROPERTY DETAILS 2 storey, lock-up retail unit occupying a prominent corner position, briefly comprising: GROUND FLOOR Glass doors leading to - Open plan trading area Fully carpeted throughout Suspended ceiling with halogen lighting Display cabinets Sales desk Lighting displays Storage area Staircase to lower floor Storage and assembly rooms Kitchen area W/C

Location:

Lighting International Ltd is ideally situated in a prominent position, on the corner of Baker Street and George Street in London. The store is surrounded by a variety of complementary retailers and businesses, all of which contribute to the high daily footfall, bringing all year round trade to the area.

Other information

Trading hours:

Mon - Fri: 9.00am - 5.30pm Sat: 9.00am - 5.00pm