Asking price: £110,000

Sales revenue: £10,400

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
SINGLE FRONTED MEDIUM SIZED SALES SHOP, carpeted. 3 greeting card stands with drawers. Post Office counter with anti-bandit screen. New burglar alarm system etc.

Office area
Shared staff cloakroom with w.c. and wash hand basin

Employees: The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading hours: Monday & Tuesday - 8.30 a.m. - 5.30 p.m. Wednesday, Thursday & Friday - 9 a.m. - 5.30 p.m. Saturday - 9 a.m. - 12.30 p.m.

Property: Leasehold

Lease terms
We understand the premises are held on a secure renewable full repairing and insuring lease, the present lease having approximately 4 years unexpired at a rental of £6,000 p.a. exclusive of rates. We further understand that the landlord will consider a surrender of the existing lease and grant a new 15 years full repairing and insuring lease at a rental of £7,200 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Uniform Business Rates: £1,600 p.a. approx. RECOMMENDED FOR EARLY INSPECTION

Location
Sought after residential area, tourist and residential area, WARWICKSHIRE

Expansion potential
WE ARE INFORMED the turnover averages £200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx. Post Office salary £50,000 p.a. (we understand the post office is able to issue Motor Vehicle Licences).

Reasons for selling
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.