Asking price: £120,000

Sales revenue: £52,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 550/600 sq. ft. sales shop with non-slip floor, fluorescent lighting and well equipped including slats to walls, large greeting card display section, stationery shelving, 2 revolving card display stands (on loan), upright glass fronted drinks display fridge (on loan from Coca Cola), counter, electronic cash register, photocopier (on lease). Post Office counter with anti-bandit screen (2 positions). CCTV sytem with 2 cameras etc.

Internet section with 4 p.c's, printer plus server.

Staff cloakroom with w.c. and wash hand basin

Basement suitable for storage purposes

Employees: The business is operated by the vendor on a very part time basis with the assistance of his wife on a full time basis plus 1 full time in respect of the retail shop and 1 additional full time in respect of the post office section. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Trading hours: Monday - Friday inclusive - 9 a.m. - 5.30 p.m. Saturday opening - 9 a.m. - 1 p.m.

Property: Leasehold

Lease terms
We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in September, 2016 at a rental of £16,100 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Location
Situated in a parade, main road trading position, sought after residential area, MIDDLESEX.

Expansion potential
WE ARE INFORMED the turnover averages £1,000 p.w. plus additional income from the Internet section, in our opinion the business offers tremendous potential for further increase in the right hands. Gross profit 35% approx. Post Office salary £55,000 p.a. approx. In addition an external ATM machine was installed in January, 2009 (owned by Bank of Ireland), we understand the vendor receives a rental income of £300 per month.

Reasons for selling
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£5,000/£6,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT Please note we understand each party is to be responsible for their own legal fees whilst the landlord's solicitors costs are to be shared on a fifty/fifty basis.

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.