Long Established Surrey Bookshop Urgent Sale Token Premium For Sale

Business description

A long established general bookshop together with stationery and greetings cards located in the centre of surrey’s ‘largest village’ – token premium of £15,000 sought
As an urgent sale is now required.

A genuine opportunity to acquire a very old established general book shop, now offered for sale by our client who purchased the business through our agency some 4 years ago and who now wishes to retire. Situated in the centre of this much sought after and developing surrey village, the business occupies character 17th century premises which provides departments for books, stationery and greetings cards. First floor office/stores with potential to create further retail space. Gross sales for the 12 months trading up to the end of December 2010 amounted to circa £250,000 at around 40% gross profit margin, where actively involved working owners could generate excellent net returns. Operated over most congenial trading hours, Monday to Saturday plus seasonal Sunday opening. Operated by our client with only part time staff but easily manageable by an actively involved husband and wife team. The premises are held under a secure renewable lease at very fair rental for this excellent location, and where the landlord would be prepared to offer a new longer lease to incoming new tenants if preferred.

Property information

Property:

Leasehold

Lease terms:

The premises are held under a secure lease for a term of 10 years from September 2002 and which expires in 2012. The current rental is £16,000 per annum exclusive. We understand from our client that the Landlord would, in principle, be happy to offer a new longer lease to prospective new Tenants, terms to be agreed.

Leasehold rent:

£16,000 per annum

Location:

Situated right in the centre of the Village and fronting a slip road which affords valuable unrestricted High Street parking.

Premises details:

The attractive period premises provide a shop of much character with beamed interior, which is divided into three main sections, the first for books measuring approx 13’ x 31’ deep and widening internally to some 15’, the second for stationery measuring approx 22’ x 15’ maximum and the third rear section for greetings cards and allied lines, approx 12’ x 8’. The two main sections are fully fitted and equipped with both wooden shelving units to walls and adjustable shelving including large central gondola, two serving counters with Sharpe electronic cash registers and one with computer (with book search programme), hard disk and printers, various display stands and spinners, carpeted flooring, fluorescent and spot lighting. The greetings cards section is situated at the back of the shop, fully fitted with 3 x 4 tiered cards display cabinets with drawers, gift wrap displays etc. From the stationery department, access to kitchenette, two cloakrooms, trap door to good sized attic store above and side door to a communal passageway with delivery access to the High Street. From the books section, a side staircase leads up to the first floor and main office/store 13’ x 11’6”, adjoining front office 11’6” x 5’ which together could provide further retail selling space, and a further racked and shelved stockroom, 12’ x 9’.

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Operated over most congenial trading hours opening from 9 a.m. to 5 p.m. Monday to Saturday only plus seasonal Sunday opening at Christmas and Easter.

Employees:

The business is run by our client who employs purely part time casual staff.

Years established:

Well over 50 years.

Other information

Inventory / Stock value:

£30,000

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