Advert Ref: M2903
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Asking price: £39,000
Sales revenue: £52,000
Business description: SPACIOUS SHOP with counter, fluorescent lighting, glass display counter, 10 computers, each with chairs.Staff cloakroom with w.c. and wash hand basinBasement used for storage purposes
Employees: Staff employed 1 full time and 1 part time staff.
Trading hours: 11 a.m. - 11 p.m. seven days per week
Property : Leasehold
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 £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Uniform Business Rates: £2,800 p.a. approx. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Location: Situated in a parade, busy road, densely populated residential and commercial area, SOUTH LONDON
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.
Reasons for selling: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £39,000 plus STOCK AT VALUATION (£10,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.