Profitable Discount Store For Sale - Essex, Essex, United Kingdom

Asking price: £180,000

Sales revenue: £312,000

Business description: SPACIOUS SINGLE FRONTED SALES SHOP approx. 3,000 sq. ft. sales area with tiled floor. The equipment includes shelving, display stands, centre display gondolas, counter, electronic cash register etc.Stairs toSPACIOUS FIRST FLOOR approx. 3,000 sq. ft. area comprising 5 rooms used for stock purposesKitchenLadies' cloakroom with 2 w.c's, wash hand basinGentlmen's cloakroom with w.c. and wash hand basin

Employees: The business is at present operated by the vendor with the assistance of 3 full time staff.

Trading hours: Monday - Saturday inclusive - 9 a.m. - 6 p.m. NO SUNDAY TRADING

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease having approximately 10 years unexpired at a rental of £45,000 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter. Uniform Busines Rates: £12,000 p.a. approx. RECOMMENDED FOR EARLY INSPECTION

Location: Excellent trading position, ESSEX

Expansion potential: WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.

Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS & STOCK WITH A MINIMUM VALUE OF £150,000. ASKING PRICE £180,000. SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.