Old Established Well Fitted Menswear Shop For Sale

Business description

The Shop is siutated on Streatham High Road within close proximity to its junction with Mitcham Lane and forming part of a good secondary parade. Streatham High Road makes up part of the A23 commuter route. The shop benefits from significant passing vehicle traffic particularly during rush hour periods and a copius amount of pedestrian flow generated by nearby trades including a number of multiple branches. Streatham Police Station is within a short walk and the multiples located nearby include J. D. Wetherspoon, The Goose Public House, Barclays Bank, William Hill and KFC. There are a variety of businesses represented locally including stores, restaurants, jewellers and various office type locations.

SPACIOUS GROUND FLOOR SHOP with a gross internal frontage of 20ft 9" by a maximum depth of 31ft 3". Attractive suspended ceiling with concealed lighting plus ceiling spotlighting, glass display counter, slats to walls, display stands etc.

2 Fitting Rooms

Stairs to large basement width approx. 20ft 9" x a depth of 36ft 3". The basement area is fully carpeted and used for storage purposes and has the benefit of a kitchen plus staff toilet. In our opinion there is potential for the basement area to be used as an additional display area for customers if desired.

Property information

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 10 years from April, 2005 at a rental of £17,500 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter. (We are further advised that there is a Break Clause on the tennants side only after the first 5 years of the lease).

Uniform Business Rates: £3,850 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 31 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S SEMI-RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, LONDON, SW

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £20,000 Plus Stock At Valuation (£35,000/£40,000 Approx). Substantial Loan To An Approved Applicant

Trading hours:

Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
Plus open on Good Friday and Sundays during the month of December from 11 a.m. - 5 p.m.

Financing available:

Substantial Loan To An Approved Applicant.