Profitable South London Retail Furniture Shop For Sale - Undisclosed, London, United Kingdom

Asking price: £99,000

Sales revenue: £312,000

Business description: Outstanding opportunity to acquire a Retail Furniture Shop selling most pine furniture. In our opinion the business offers tremendous potential for further development in the right hands.Spacious ground floor shop approx. 4,000 sq. ft. sales area. Full gas fired central heating. Concrete floor, partly carpeted.OfficeLadies' and gentlemen's cloakroomsLarge basement approx. 4,000 sq. ft. ideal for storage purposes

Employees: The business is at present operated by a husband and wife team with the assistance of 1 full time plus additional part time staff.

Trading hours: Monday - Saturday inclusive - 9.30 a.m. - 6 p.m. Sunday opening - 11 a.m. - 5 p.m.

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease having approx. 5 years unexpired at a current rental of £25,000 p.a. exclusive of rates. (We understand there was a rent revision due in December, 2005, however, we are further advised that the landlords have not requested any increase at the present time). Uniform Business Rates: £12,000 p.a. approx. + water rates RECOMMENDED FOR EARLY INSPECTION

Location: End of terrace, busy road, residential and commercial area, LONDON SE

Expansion potential: WE ARE INFORMED the turnover averages in excess of £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 40% - 45% approx.

Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£50,000 approx. can be reduced). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.