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Advert Details
Established Kent Discount Store For Sale
(Ref: M2766)
Undisclosed, Kent, United Kingdom
Financials
Asking price: £10,000
Sales revenue: £62,400
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
Double fronted with electric shutters, medium sized premises, electric heaters, fully carpeted floor, suspended ceiling with fluorescent lighting. Well equipped including sales counter, electronic cash register, modern adjustable shelving.
* Stock room / Store room.
* Staff toilet with w.c. and wash hand basin
Employees: The business is at present operated by the Manager, with the assistance of 1 full time staff.
Trading hours: 6 Day week (Monday - Saturday) 9 a.m - 5.30 p.m
No Sunday
Property: Leasehold
Lease terms
We understand the premises are held on a secure renewable lease from the private landlord for a period of 10 years and currently has 9 years unexpired next review in 4 years with reviews every 5 years at a rent of £10,500 p.a.
Uniform Business Rates: £3,100 p.a. approx.
Location
Situated in a parade, excellent High Street trading position, office and commercial area, KENT.
Expansion potential
WE ARE INFORMED by the vendor the turnover averages £1,200 p.w. Gross profit 40% approx.
Reasons for selling
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £10,000 plus STOCK AT VALUATION (£20,000 APPROX.)
Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.


