Asking price: £89,000

Sales revenue: £208,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Front area for display purposes

SPACIOUS DOUBLE FRONTED SALES SHOP occupying a corner position approx. 1,100 sq. ft. sales area. Fully equipped including counter, electronic cash register, display stands, shelving, paint mixing machine, 2 key cutting machines etc.

Staff cloakroom with w.c. and wash hand basin

Stairs to mezzanine floor providing office/storage area

Employees: The business is at present operated by the vendor with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with an active husband wife team, the wage bill could be reduced.

Trading hours: Monday - Friday inclusive - 8 a.m. - 6 p.m. Saturday opening - 9 a.m. - 5 p.m. NO SUNDAY TRADING

Property: Leasehold

Lease terms
We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £19,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter after the following 5 years. Uniform Business Rates: £6,500 p.a. approx. OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED HARDWARE/IRONMONGERS PLUS DIY SHOP IN THIS SOUGHT AFTER TRADING POSITION. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location
Situated in a parade, excellent trading position, sought after locality, LONDON, NW

Expansion potential
WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 50% approx.

Reasons for selling
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION (£80,000 approx. could be reduced) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.