Asking price: £850,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: £50,000

Stock value: £220,000

Business description
London based large F/H premises with room for expansion/celler recording studio, space for large flat PRESENTLY USED AS STORAGE AND REPAIR SHOP Two very large flats over with 69yr leases left to run THE COMPANY OWNS THE FREEHOLD ON THE FLATS BUT UNTIL THE 69 YEARS EXPIRES THE ONLY INCOME FROM THE FLATS ARE £40 PER YEAR GROUND RENT ON EACH FLAT /Large and varied amount of stock ie: Guitars, recording equipment, drums,keyboards etc. Large rear garden with front side entrance
Freehold premises Valuation £650000
Stock at valuation approx £220000
Fixtures and fittings goodwill and Gigsounds Co name £100000 Total price £970000

REDUCED FOR QUICK SALE to £850000 This is an excellent opportunity to acquire a business established 34 years ago and managed with complete honesty and integrity open and above board with a genuine reason for sale due to age 75 and retirement
We are also willing to assist the purchaser with a loan subject to statues at a very keen interest rate which will be subject to a first charge on the freehold. A purchase period of four months will be allowed. This is lock stock and barrel sale. No time wasters please.
Don't miss out check this out to-day

Years established: 34

Employees: Shop Manager + 3 full time staff and 3 part time staff

Trading hours: 10am-6pm Mon-Sat

Relocatable: This business can be relocated.

Property: Freehold

Living accomodation
Possible 2 bed/large lounge/bathroom/kitchen room for expansion,central heating and wiring carried out but needs bathroom and kitchen units fitted.

Location
Streatham SW16. Prime high street location On street parking Bus stops outside shop Rail station 7mins walk.

Expansion potential
Unlimited expansion potential with enough working capital and dedicated management

Competition / Market
Normal competition

Support & training
Manager will stay with new owner for an agreed period

Reasons for selling
Due to illness/ also at 75 years of age traveling is difficult as we live in Nr Ireland