| (REF: KT001133) Two Thriving Sports Shops - North Kent/ SELondon |
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| Seller Reference: |
KT001133 |
| B4S Reference: |
28303 |
| Asking Price: |
£99,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£6,946 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Kent, United Kingdom |
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BUSINESS
This shop (Shop 1), has been established for many years and has been in the hands of our clients since 1991.
The shop retails a full range of traditional sports equipment, clothes and accessories. In addition the shop supplies local football teams with their kit and a garment printing service is also offered.
Our clients also have a shop, (Shop 2), approximately 25 miles from Shop 1. This shop is currently staff-run, selling swimwear and swimming accessories and operates a hire service for the leisure centre customers.
There is scope to increase sales through the website which, together with both shops, is included in the sale.
BUSINESS PREMISES
SHOP 1
The business is housed in a spacious retail unit which is arranged as follows:
Outside - the premises enjoy a fully glazed frontage with double, glazed entry doors, internal and external security shutters and a fascia board above.
Ground Floor
Inside - the shop (5.5m x 15.4m) has been professionally-fitted to a high standard with a carpet-tiled floor, pendant lights, a serving counter with 2 Sharp electronic tills and various product displays including wall-liners, spinners and a gondola.
To the rear of the shop, there is a further serving counter with a PC, a fitting room, a stockroom and an external door to the rear of the property.
First Floor
With similar dimensions to the ground floor, this area is used as a stockroom with timber shelving, a WC and a fire exit to the rear of the property.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
OUTSIDE:
To the rear of the property, there is access to a service area.
SHOP 2
At the time of our visit we were unable to obtain measurements or photos of this shop.
TENURE
SHOP 1
This property is held on a five-year lease from June 2009 with a rent, fixed until expiry, of £17,000 pa together with a service charge £3,250 pa.
The Lease contains an exclusivity clause, prohibiting the landlord from allowing any other premises within the centre, to be used as a sports equipment shop or sports outfitter, in direct competition with our client's business.
SHOP 2
This shop is held on a seven year, Local Authority lease from August 2007 with a current rent of £4,232 pa.
RATES
SHOP 1
The business rates currently payable are £2,807 pa.
SHOP 2
Rates included in rent.
TRADE
We are advised that the average gross weekly sales are as follows.
The Erith Shop £5,001
The Larkfield Shop £1,945
Total: £6,946
HOURS
SHOP 1
Monday to Saturday 9.00am - 5.30pm
Sunday 10.00am - 4.00pm
SHOP 2
Monday to Friday 9.30am - 8.30pm
Saturday 9.00am - 6.30pm
Sunday 9.00am - 5.30pm
STAFF
SHOP 1
1 full-time
2 owners full-time
SHOP 2
4 part-time
STOCK
The Vendor informs us that the value of the stock is currently between £80,000 and £90,000.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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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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