Pet Shop In Harrow For Sale

Business description

LOCATION AND DESCRIPTION

Located in South Harrow with excellent road transport links and parking together with Rayners Lane underground station within easy access. The area is mainly residential with some commercial and is popular with commuters.

THE PREMISES

Modern mid parade premises. aluminium frontage single door. advertising canopy all in good condition. Internally the premises are very well presented and display an array of pets and pet products including reptiles fish birds and mammals together with ancillary items. To the rear of the shop is a good sized storage facility with WC and rear access leading to a yard. No inward investment is in our opinion required. No measurements have been taken due to confidentiality but the premises benefits from painted surfaces. quality flooring. spacious sales area and modern fixtures and fittings. The shop is fully equipped for current use. A full inventory of fixtures and fittings is available to serious parties who have viewed the business. Size is estimated conservatively at 600-650 sq feet All MEASUREMENTS ARE APPROXIMATE AND FOR YOUR GUIDANCE ONLY.

THE BUSINESS

Established many years and by the current vendor for 4 years the shop is well known in the location and has limited competition. An early viewing is recommended. The business shop has the owner as staff plus two part time. Accounts to year end 4/09 are available which show a GP margin of 45% and we estimate the current adjusted net profit to be in the order of £20.000 pa. Buyers are advised to carry out their own due diligence by observing customer flows etc. Genuine takings of £120.000 pa being achieved which can be improved upon.

TENURE

Leasehold. 5 yr lease with 1 yrs remaining. Rent £10.000. and review due in 2010. Rates £4.000.

HOURS OF BUSINESS

The business is open between the hours of 9.30 and 6pm Mon to Sat. closed Sunday

PRICE

Sale price is £55.000 for leasehold interest to include goodwill fixtures and fitting but excluding stock which is at valuation.

Property information

Property:

Leasehold