Profitable Well Established Bed Sales Shop In London For Sale

Business description

THIS WELL ESTABLISHED BUSINESS HAS TRADED FOR 30 YEARS AND SPECIALISES IN BEDS MADE TO ORDER PLUS BEDROOM FURNITURE.

GROUND FLOOR AREA SPACIOUS SHOWROOM with laminated strip floor, high ceiling with ceiling lighting, counter, computer system, in the region of 1,200 sq. ft. providing space for the display of 10/12 beds.

STAIRS TO LARGE BASEMENT with laminated strip floor used at present for storage purposes, however, in our opinion could be an additional showroom area, if desired.

Additional storeroom
Office
Staff cloakroom with w.c. and wash hand basin

Included in the sale is a sign written Luton Box Van

Property information

Property:

Leasehold

Lease terms:

We understand the present lease expires in April, 2017 at a current rental of £33,850 p.a. exclusive of rates.

Uniform Business Rates: £12,862 p.a.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, close to quality multiples, lucrative NORTH WEST LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages in the region of £15,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st March, 2010 showed £702,942 with a gross profit of £318,184.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£15,000/£20,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 10 a.m. - 6 p.m.
Sunday opening - 11 a.m. - 4 p.m.

Employees:

The business is at present operated by the vendor with the assistance of his wife each working we understand 2 days per week with the assistance of 1 full time sales person, 1 full time driver plus 1 part time driver plus additional part time staff to assist. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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