Advert Ref: C7193
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Asking price: £249,000
Sales revenue: £26,000
Business description: Single fronted medium sized Sales Shop with semi-automatic entrance door. The shop has a carpet tiled floor, suspended ceiling, fluorescent and spotlighting, is well equipped including 5 greeting card display stands (3 with drawers under plus 2 with cupboards, modern shelving, additional display stands. Post Office Counter with anti-bandit screen (2 positions plus parcel hatch).Rear room ideal for storageLarge cellar
Employees: The business is at present operated by the vendor's 2 daughters and no additional staff are employed. It will be appreciated upon inspection that this is an ideal husband and wife business.
Trading hours: Monday - Friday inclusive - 9 a.m. - 5.30 p.m. Saturday opening - 9 a.m. - 12.30 p.m. NO SUNDAY TRADING
Property : Freehold
Lease terms: The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter. RECOMMENDED FOR EARLY INSPECTION
Living accomodation: The spacious living accommodation, all in GOOD CONDITION, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises: 3 Double Bedrooms Bathroom with bath, shower over bath, w.c. and wash hand basin Spacious lounge approx. 20 ft. x 13 ft.
Location: Situated in a parade, main road trading position, residential area, EAST SUSSEX.
Expansion potential: WE ARE INFORMED the turnover averages £500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35% approx. Post Office Salary £35,000 p.a. approx.
Reasons for selling: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£9,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £249,000 plus STOCK AT VALUATION (£9,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Financing available? SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT