Expanding General Auction House For Sale in Brackley- Business 4 Sale .co.uk

Business Summary

HISTORY

• The business has been with the current vendor for over 2 years

REASON FOR SALE

• The auction house is only now being reluctantly offered for sale as they now wish to take a well earned retirement

SERVICES

• The business operates a twice weekly auction of general household items, Antiques and Collectables.
• They will sell any legal item, they are not allowed to sell knives and livestock
• They do accept reserve bids and telephone bids
• Commission is charged to both buyers and sellers at 15% of the achieved value with a minimum of £1.00 per lot
• Delivery, if required, is organised and charged for by a local man with a van business

CUSTOMERS

• The successful bidders are generally within the county or its neighbours

STRENGTHS

• Excellent location surrounded by a good mix of residential properties and commercial businesses
• Good arrangement with local dealers on a sale or return basis for some stocks

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Leasehold

	Lease Terms:	• Leasehold • Original Lease 6 years • Remaining: 4 years • Review every: 3 years • Rent: £16,833 per annum • Rates: £5,600 per annum

	Living Accommodation:	Yes

	Details of Accommodation:	• Large spacious ground floor lock up premises which extends to circa 2,500 square feet • Centre desk with side lockable glass display cabinets – 2 elevated podiums, one at either end of the showroom • Centre kitchen area • Front loading / unloading bay • Male & female W/Cs • The premises have A-Z camera CCTV system • Parking is free of charge in the attached car park

	Location:	• The auction house is very well situated in the heart of a mixed residential / commercial area in Northamptonshire. • The university is also nearby

Growth Potential

• Carry out more advertising to ensure all potential buyers and sellers are aware of the services on offer
• Have live internet auctions
• Find house clearance agents to do a deal on re-selling
• Contact local bailiff firms

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Staffing

• The 2 vendors work full time in the business with the assistance of casual staff as required on sale days

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