Summary
- Asking price:
-
£45,000
- Sales revenue:
- £46,800
- Net profit:
- Available on request
Business description
Advent Business Sales have been instructed to offer for sale this popular and growing business with excellent further potential.
Established over 2 years ago by the vendor, the business has seen continual growth in sales but is now reluctantly offered for sale due to the vendor’s other commitments.
Currently staffed by the vendor the business offers a range of services including shoe repair, key cutting, watch repair and engraving and is well equipped for purpose including;
• Compact Puma shoe repair finishing machine,
• Record plus Key Cutting machine,
• Super Extensor Key cutting machine,
• Pantograph engraver.
In addition to these services there is an attractive retail display area with bags and luggage plus complimentary sundries displayed.
ref:8375B
Property information
- Property:
- Leasehold
- Lease terms:
- TENURE: Leasehold
Original Term: 9 years
Term Remaining: 7.5 years
Rent reviews every; 3 years
Rent: £17,500 per annum
We are advised that the annual business rates are currently: £2,890
- Living accommodation:
- BUSINESS PREMISES
An attractive two storey premises in a prime high street location with the added security of electric roller shutter and consisting of the following;
Ground Floor
- Glass display window frontage with entrance door leading into;
- Main sales area decorated to a high standard with laminate flooring with counter servery and retail display racking throughout.
- Open archway leading to further engraving display area with display cabinets.
- Fire Exit to Rear.
- Entrance door with stairs to first floor.
First Floor
- Large room
- Kitchen
- W/C
External
- Paved to front with bus stop adjacent.
- Location:
- The business occupies a prime location in the busy high street of Harborne, an affluent and sought after suburb of the City of Birmingham.
This location affords the business high levels of passing footfall, as well as being adjacent to the bus stop and surrounded by multiple chain businesses.
The business also benefits from excellent parking facilities with on street parking along the parade plus 2 large shoppers’ car parks close by.
Other information
- Expansion potential:
- The business has seen continual and ongoing growth since inception by the owner and there is excellent potential for growth including extensive marketing of the highly profitable engraving business.
There is also a large room to the first floor which is suitable for a variety of uses.
It is also worth noting a new Waitrose Supermarket plus a development of luxury apartments is soon to be constructed close by.
- Trading hours:
- Mon – Sat: 9.00am - 5.30pm, Weds: 9.00am - 1.00pm
- Financing available:
- Please let us know if you require finance for the purchase of a business.
- Related documents:
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