Travel Agents In North London Area For Sale

Business description

In a parade of local shops on busy main rd, close to A406, shopping centre, densely pop area, etc. 600 sq ft, t/o for y/e 2009 £212,538 pa @ 8% - 9% GP. 15 yrs lse from June 05, 5 yrly reviews, rent £10,400 pa, rates £3,177 pa.

Property information

Property:

Leasehold

Lease terms:

15 years lease was granted in June 2005 with 5 yearly rent reviews and the current rent is £10,400 per annum.

Leasehold rent:

£10,400 per annum

Location:

The business is situated in a parade of local shops on busy main road. The premises is close to A406, shopping centre and is surrounded by densely populated residential area.

Premises details:

The single fronted premises has aluminium frame frontage with display full height windows and electrically operated security shutter. Internally the shop measures approximately 600 sq ft overall and has solid oak flooring throughout comprising 5 desks, brochure display units and at the rear there is separate office, kitchen, toilet and staff room/storage room. There is a rear fire exit and the premises is fully alarmed. The business is ABTA, IATA & ATOL protected.

LEASEHOLD – 15 years lease was granted in June 2005 with 5 yearly rent reviews and the current rent is £10,400 per annum.

Size in square feet:

600

Business Operation

Expansion potential:

The business is fully equipped and fitted for present use.

Competition / Market:

Business has been established since 1993 and the annual turnover for the year end 2009 shows £212,539 @ 8% - 9% GP.

Trading hours:

Mon – Fri 9.00 am – 6.00 pm & Sat 9.00 am – 4.00 pm.

Employees:

Owner + 2 f/t & 1 p/t

Years established:

17