Spacious Well Established Car Parts Accessories Plus DIY For Sale

Business description

This business has been in the same hands for the past 28 years and is now solely offered for sale due to the vendor's retirement.

In our opinion there is terrific potential to develop the existing business or indeed in our opinion the premises offer terrific potential for other retail trades.

SPACIOUS DOUBLE FRONTED PREMISES probably in the region of 1,000 sq. ft. including stockroom, wooden floor. Counter, electric cash register, part peg boarding, shelving. 4 key cutting machines (available as an optional extra).

Office
Kitchen area
Staff w.c.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 9 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £4,400 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, NW

Business Operation

Expansion potential:

The present vendor is operating on a low key basis and we are informed the turnover is currently in the region of £500/£600 p.w. in our opinion offering terrific potential for further increase in the right hands.

Reasons for selling:

ALL OFFERS CONSIDERED FOR THE NEW LEASE, FIXTURES & FITTINGS plus STOCK AT VALUATION (£15,000/£16,000 approx. can be reduced)

Trading hours:

Monday - Friday inclusive - 10 a.m. - 6 p.m.
Saturday opening - 10 a.m. - 5 p.m.
NO SUNDAY TRADING

Employees:

At present operated by the vendor and no staff are enclosed.

Other information

Financing available:

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