| (REF: M3201) Old Established, Profitable Artists Materials, Graphic Supplies, Stationery |
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| Seller Reference: |
M3201 |
| B4S Reference: |
21240 |
| Asking Price: |
£99,995
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£192,816 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Hampshire, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : A rare opportunity to acquire a profitable retail store specialising in the sale of artists materials, graphic supplies and office stationery
Established over 24 years ago and offered for sale solely due to the vendors pending RETIREMENT.
The vendor has stated that one does not need to be an Artist to own this business and has also advised us he prepared to give every assistance to a prospective purchaser.
This leading retail store enjoys enviable reputation locally for stocking a comprehensive and profitable range of specialist art materials, graphic supplies and commercial stationery for the benefit of students, hobby artists, architects, graphic designers and nearby offices with an untapped potential to develop commerical stationery account and retail sales as well as On Line sales in Art Materials and Stationery and Commercial Stationery Account Sales.
SPACIOUS SALES SHOP in the region of 680 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, electronic cash register, centre display stands, photocopier.
Fully fitted stockroom at back with convenience of a rear door for taking deliveries.
Stairs to first floor large storage area, carpeted.
Small kitchen area with sink, fridge
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the average weekly up to the 17th March, 2012 is £3,708 inclusive of VAT in our opinion offering further potential to increase in the right hands. Gross profit 51.5% approx. We are further advised that the draft accounts for year ending 30th June, 2011 showed gross sales of £157,185 with a gross profit of £80,959 i.e. 51.5%.
We understand the premises are held on a secure renewable lease for a period of 15 years from the 28th February, 2004 at a current rental of £18,525 p.a. exclusive of rates up to February, 2014, with rent to be agreed thereafter.
Uniform Business Rates: £8,843 p.a.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,995 plus STOCK AT VALUATION (£20,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in a parade, excellent main road trading positiion, HAMPSHIRE. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays |
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At present operated by the owners with the assistance of 1 full time staff. In our opinion with a more active husband and wife team, the wage bill could be reduced. |
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