Advert Ref: M2889
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Asking price: £95,000
Sales revenue: £338,000
Business description: ATTRACTIVE DOUBLE FRONTED SALES SHOP with lino floor, fluorescent lighting. 3 electronic scales, 2 electronic cash registers, open cool display unit.Rear preparation area with walk-in cold room, heat sealer unit, electronic scales with labeling machine, netting machine, additional electronic scales.Stairs to basement with additional coldroomIncluded in the sale is Renault Belingo low mileage van approx. 3 years old
Employees: The business is at present operated under management. Staff employed 1 full time manageress, 1 additional full time staff, 2 part time staff (each working 4 days per week) plus Saturday junior staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Trading hours: Monday & Tuesday - 8.30 a.m. - 5 p.m. Wednesday - 8.30 a.m. - 1 p.m. Thursday & Friday - 8.30 a.m. - 5 p.m. Saturday - 8.30 a.m. - 2 p.m. NO SUNDAY TRADING It will be appreciated upon inspection that there is terrific potential for additional opening hours.
Property : Leasehold
Lease terms: We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 15 years unexpired from October, 2005 at a rental of £15,000 p.a. exclusive of rates up to October, 2010, with rent review at that time and thereafter every 5 years. Uniform Business Rates: £2,562 p.a. approx. OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE HIGH CLASS FRUIT & GREENS, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED
Location: Excellent main road trading position, sought after and wealthy Village residential area, EAST SUSSEX
Expansion potential: WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 37% approx. We are further advised that the sales year ending 31st March, 2009 showed £351,915 with a gross profit of £133,312 i.e. 37.88%.
Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
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