Well Established Stationery Cards & Crafts Business In Surrey For Sale

Business description

This well established business has been in the same hands for the past 18 years and is now solely offered for sale due to the vendor's retirement.

SALES YEAR ENDING MARCH, 2011 SHOWED £455,410 WITH A GROSS PROFIT OF £152,975

SPACIOUS SALES SHOP probably in the region of 900 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting, display stands, slats to walls, shelving, counter, 2 electronic cash registers, 2 photocopiers (both on lease approximately 1 year to go) etc.

Office
2 Staff cloakrooms each with w.c. and wash hand basin
Stockroom
Coffee making area with fridge, microwave, cupboard and sink

INCLUDED IN THE SALE IS A COMBO SIGN WRITTEN VAN APPROXIMATELY 7 YEARS OLD

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease having 10½ years unexpired at a current rental of £18,000 p.a. exclusive of rates up to August, 2012 with rent review at that time and thereafter every 5 years. We understand there is a Break Clause in the lease on the tenants side only exercisable by giving the landlords 6 months notice from August, 2012.

Uniform Business Rates: £8,200 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excelleng High Street trading position, SURREY

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £10,000 p.w. inclusive of VAT, in our opinion offering tremendous potential for further development in the right hands. Gross profit 33% approx. We are further advised that the sales year ending March, 2011 showed £455,410 with a gross profit of £152,975. We understand the business operates deliveries to local companies within approximately a 20 mile radius of the business.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£50,000 approx. at cost) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday opening - 9.30 - 4 p.m.
NO SUNDAY TRADING

Employees:

The business is at present operated by a husband and wife team each working we understand 4/5 days per week with the assistance of 1 full time plus 4 part time staff plus 1 Saturday girl and 1 part time driver for deliveries. Wages paid currently in the region of £1,000 p.w.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance