| (REF: M3473) Well Established Retail Carpet Shop |
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| Seller Reference: |
M3473 |
| B4S Reference: |
28131 |
| Asking Price: |
£47,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£223,600 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Kent, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : The business we understand was established by the present owners approximately 16 years ago and is now solely offered for sale due to the vendors retirement.
Situated in a parade of 6 shops with the advantage of a Layby in front providing customers cr parking. In addition there is further car parking nearby.
DOUBLE FRONTED SALES SHOP probably in the region of 500 sq. ft. sales area, carpeted floor, suspended ceiling with concealed lighting. 2 desks.
The vendor rents 2 garages close by, available as an optional extra and ideal for storage purposes.
WE ARE INFORMED the turnover averages £4,300 p.w. exclusive of VAT, in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 5th April, 2010 showed £197,796 with a gross profit of £104,107 (before wages of £56,056).
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 2½ years unexpired at a rental of only £9,000 p.a. exclusive of rates, fixed for the remainder of the term. (We understand the landlord will consider a surrender of the existing lease and the granting of a longer lease, if required).
Uniform Business Rates: £914 p.a. approx. (after small business relief)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION (£8,000/£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Yard at rear |
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Location: |
Situated in a parade, residetial area, KENT |
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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 a.m. - 4.45 p.m.
NO SUNDAY TRADING |
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At present operated by the vendor with the assistance of 2 full time fitters. No additional staff employed. |
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