Attractive Musical Instrument Shop | | Undisclosed Kent | | Outstanding opportunity to acquire an old established Musical Instrument Retail and Repair Shop (brass and woodwind specialists). Single fronted premises 4 metres x 4 metres approx. with counter, slat board, 2 display cabinets etc. Office 3 metres x 3 metres Small kitchen Basement for storage purposes First Floor 2 rooms used for storage and repairs In addition Attic, used for storage | | ADVERT NUMBER : 16669
ADVERT IMPRESSIONS : 40,795 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £75000 | | | | | BUSINESS DETAILS: | Location Terrace Shop of mixed residential and retail premises, KENT.Opening Hours Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday opening - 10 a.m. - 4 p.m.
NO SUNDAY TRADINGTurnover WE ARE INFORMED the turnover averages 3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending August, 2004 showed 189,991 net of VAT with a gross profit of 86,785.Tenure We understand the premises are held on a secure renewable lease for a period of 10 years from November, 2002 at a rental of 6,750 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.
Rates Paid: 2,060 p.a. approx.
RECOMMENDED FOR EARLY INSPECTIONPrice TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 plus STOCK AT VALUATION (50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTOutside Rear Yard.Staff The business is at present operated by the 2 directors with the assistance of 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
