| (REF: M3316) Old Established Motor Spares & Accessories |
| |
| Seller Reference: |
M3316 |
| B4S Reference: |
27264 |
| Asking Price: |
£15,000
|
| Net Profit: |
Undisclosed |
| Sales Revenue: |
£78,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Surrey, South East England, United Kingdom |
| |
Nationwide are pleased to offer to the market : This old established business has been in the same hands for the past 27 years and is solely offered for sale due to the vendors retirement.
Shutter to SPACIOUS DOUBLE FRONTED SALES SHOP approx. 20 wide x 45 depth. Carpet tiled floor. The equipment includes counter, 2 centre display gondolas, peg boarding, display shelving, racking for paints etc.
Rear stockroom
Staff w.c. and wash hand basin
WE ARE INFORMED the turnover averages £1,500/£1,600 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. Gross profit 46% approx. We are further advised that the sales year ending 30th April, 2010 showed £59,513 with a gross profit of £27,083 i.e. 45.51%.
The vendor owns the long leasehold property and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £12,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £4,000 p.a. approx.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 27 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £15,000 plus STOCK AT VALUATION (in the region of £15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Alternatively the vendor is prepared to consider the sale of the long leasehold property having we understand 975 years unexpired at nil ground rent p.a.
PRICE TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATON (£25,000 approx. can be reduced).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
|
| |
Property: |
Leasehold |
| |
| |
Living Accommodation: |
No |
| |
| |
Location: |
Situated in a parade, excellent main road trading position, SURREY |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays |
| |
At present operated by the vendor with the assistance of 1 part time casual staff when required. |
|
|
