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Advert Details
Attractive Village Stationery Greeting Cards With Post Office For Sale
(Ref: C7321)
Warwickshire, Warwickshire, United Kingdom
Financials
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.


