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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

Photograph of this business for sale
 

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.


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