Profitable Party & Fancy Dress Shop For Sale

Business description

Spacious single fronted Sales Shop approx. 960 sq. ft. sales area, carpeted. Fully equipped including shelving, counter, electronic cash register, display stands, rails etc.

Large basement in the region of 2,500 sq. ft. with racking used for storage purposes
Office
Staff cloakroom with w.c. and wash hand basin

Property information

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £35,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,500 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION

Location:

Excellent trading position, LONDON W

Other information

Expansion potential:

WE ARE INFORMED the turnover is in the region of £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 45% approx.

Reasons for selling:

To Include The New Lease, Goodwill, Fixtures & Fittings £120,000 Plus Stock At Valuation (£70,000 Approx). Substantial Loan To An Approved Applicant

Trading hours:

Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
CLOSED ALL DAY SUNDAY
(It should be noted that depending on the season, the business may remain open until 7 p.m. especially at Halloween, Bonfire Night and the Christmas period).

Financing available:

Substantial Loan To An Approved Applicant.