Most Attractive Well Established Pens Stationery Greeting Cards Diaries For Sale

Business description

Outstanding opportunity to acquire a well established and attractive Pen Shop selling quality pens including Sheaffer, Parker and all good brands, in addition stationery, greeting cards and everything involved with writing and communicating.

AMPLE CUSTOMERS' CAR PARKING (Pay & Display)

ATTRACTIVE & SPACIOUS SALES SHOP. Front section fully carpeted with rear section with laminated strip floor. Attractive glass display counter, electronic cash register, 14 illuminated glass display cabinets (all lockable), 4 greeting card display stands, 2 revolving card display stands (including 1 on loan), attractive display cabinets etc.

Kitchenette area
Staff w.c.

Large basement, ideal for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the landlord, subject to satisfactory references is prepared to grant a new 10 years lease at an initial rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,200 p.a. approx. after small business relief)

THIS MOST ATTRACTIVE BUSINESS WAS ESTABLISHED BY THE PRESENT OWNER APPROXIMATELY 9 YEARS AGO AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, sought after SUSSEX TOWN.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of artists materials, and in our opinion there is potential for commercial stationery, if desired. In addition in our opinion the business would benefit from establishing a website. We are further advised that the sales year ending 31st March, 2011 showed £83,434 with a gross profit of £35,679.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£40,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive 9 a.m. - 5 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays

Employees:

At present operated by a lady vendor and no staff are employed.

Other information

Financing available:

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