Computer Games Software And Hardware Outlets - Essex For Sale - Essex, United Kingdom

Asking price: £300,000

Business description: COMPUTER GAMES SOFTWARE AND HARDWARE OUTLETS - ESSEX We are favoured by the vendor as their sole agent of this exciting retail Games business. The business trades from two separate location both of which occupy enviable trading spots. The footfall past these two units is enviable. This style of business has always been exciting and fun as well as profitable tapping into the lucrative hardware and software market. In recent years however with the advent of new and innovative products and games being launched on a regular basis this is a must see for any quality operator who either wishes to expand their own business or buy into an established trading company. The only reason for this sale is the owner is now having a family. The current vendor would be willing to offer a hand over period, subject to timing. TENURE: Leasehold Premises One: Located in one of this county's leading undercover shopping malls, this unit is situated on a busy thoroughfare between the main shopping area and the malls entertainment complex. The shop is racked out to all aspects for games display has a bespoke severy counter and recently renovated. Premises Two: This unit is located in the heart of this busy Essex market towns undercover section. The style is open fronted and the footfall is enviable. The walls are racked for display and there is a bespoke severy counter. Turnover: We are informed that the latest set of accounts show a turnover of £1.2 million, Previous year showing for 12 months turnover is £638,000 with excellent net profit of £114,000. Full accounts are available to serious purchasers only.

Property :

Lease terms: Tenure: Shop 1 is held on a fully repairing and insuring lease with five years remaining at an annual rental of £40,000. Shop 2 is held on a monthly license and has been in the current owners family for some 22 years. The annual rent is £14,000