Established Kent Discount Store For Sale - Undisclosed, Kent, United Kingdom

Asking price: £10,000

Sales revenue: £62,400

Business description: Double fronted with electric shutters, medium sized premises, electric heaters, fully carpeted floor, suspended ceiling with fluorescent lighting. Well equipped including sales counter, electronic cash register, modern adjustable shelving.* Stock room / Store room.* Staff toilet with w.c. and wash hand basin

Employees: The business is at present operated by the Manager, with the assistance of 1 full time staff.

Trading hours: 6 Day week (Monday - Saturday) 9 a.m - 5.30 p.m No Sunday

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease from the private landlord for a period of 10 years and currently has 9 years unexpired next review in 4 years with reviews every 5 years at a rent of £10,500 p.a. Uniform Business Rates: £3,100 p.a. approx.

Location: Situated in a parade, excellent High Street trading position, office and commercial area, KENT.

Expansion potential: WE ARE INFORMED by the vendor the turnover averages £1,200 p.w. Gross profit 40% approx.

Reasons for selling: TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £10,000 plus STOCK AT VALUATION (£20,000 APPROX.)

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.