Advert Ref: M2838
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Asking price: £12,500
Sales revenue: £52,000
Business description: Service road in front of parade providing customers' parkingSPACIOUS DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area, carpeted. Newly fitted approx. 5 years ago. Suspended ceiling, fluorescent lighting. 11 greeting card display stands with drawers under plus additional display stands, 2 centre display gondolas, slats walls, counter, electronic cash register etc.Rear stockroom approx. 350 sq. ft.Staff cloakroom with w.c. and wash hand basin
Employees: The business is at present operated by the vendor with the assistance of 1 part time staff.
Trading hours: Monday - Friday inclusive - 10 a.m. - 6 p.m. Saturday opening - 10 a.m. - 5 p.m. NO SUNDAY TRADING
Property : Leasehold
Lease terms: The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. Uniform Business Rates: £1,000 p.a. approx. RECOMMENDED FOR EARLY INSPECTION
Location: Situated in a parade of 5 shops, residential area, SURREY.
Expansion potential: WE ARE INFORMED the turnover averages £1,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 50%.
Reasons for selling: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £12,500 plus STOCK AT VALUATION (£10,000/£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.