Sports Shop For Sale - Undisclosed, Hertfordshire, United Kingdom Advert Ref: M1761
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Business description
Spacious double fronted Sales Shop approx. 503 sq. ft. sales area, fully carpeted and well equipped including counter, electronic cash register, display rails, display units etc.
Staff cloakroom with w.c. and wash hand basin Employees: The business is at present operated by a lady vendor on a part time basis with the assistance of her sister on a part time basis plus 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Trading hours: Monday - Saturday - 9 a.m. - 5.30 p.m. Halfday Wednesday closing at 1 p.m. NO SUNDAY TRADING
Property
Leasehold Lease terms
We understand the premises are held on a secure renewable lease, the present lease expiring on the 30th October, 2009 at a rental of £33,000 p.a. exclusive of rates. (We understand in addition there is a service charge of £250 per quarter). Uniform Business Rates: £5,594.37 p.a. + water rates THIS OLD ESTABLISHED SPORTS SHOP HAS BEEN IN THE SAME HANDS SINCE 1991 AND THERE ARE GENUINE REASONS FOR SALE. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED Location
Excellent trading position opposite Waitrose, HERTFORDSHIRE Expansion potential
WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 41.5%. We are further advised that the sales year ending 31st October, 2006 showed £205,737 with a gross profit of approx. £83,878. Reasons for selling
To Include The Secure Lease, Goodwill, Fixtures & Fittings £39,500 Plus Stock At Valuation (£40,000 Approx). Substantial Loan To An Approved Applicant Financing available?
Substantial Loan To An Approved Applicant.
Staff cloakroom with w.c. and wash hand basin
Trading hours: Monday - Saturday - 9 a.m. - 5.30 p.m. Halfday Wednesday closing at 1 p.m. NO SUNDAY TRADING
Leasehold
We understand the premises are held on a secure renewable lease, the present lease expiring on the 30th October, 2009 at a rental of £33,000 p.a. exclusive of rates. (We understand in addition there is a service charge of £250 per quarter). Uniform Business Rates: £5,594.37 p.a. + water rates THIS OLD ESTABLISHED SPORTS SHOP HAS BEEN IN THE SAME HANDS SINCE 1991 AND THERE ARE GENUINE REASONS FOR SALE. PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED
Excellent trading position opposite Waitrose, HERTFORDSHIRE
WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 41.5%. We are further advised that the sales year ending 31st October, 2006 showed £205,737 with a gross profit of approx. £83,878.
To Include The Secure Lease, Goodwill, Fixtures & Fittings £39,500 Plus Stock At Valuation (£40,000 Approx). Substantial Loan To An Approved Applicant
Substantial Loan To An Approved Applicant.
Financial Details
Asking price:
£39,500
Sales revenue:
£234,000
£39,500
£234,000