Well Established Fitted Kitchen Business | | Undisclosed Kent | | Victorian Property Attractive SINGLE FRONTED SHOWROOM approx. 420 sq. ft. area with 2 Kitchen displays (included in the sale). Computer. Rear office Rear section 5ft x 14ft to rear store 9ft x 20ft Staff w.c. wash basin Brickbuilt store at rear 9ft x 15ft approx. with rear vehicle access Large cellar | | ADVERT NUMBER : 16706
ADVERT IMPRESSIONS : 40,513 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Bathroom & Kitchen Retailers | | SALE: | Agent Sale | FREEHOLD: | £275000 | LEASEHOLD: | £38000 | | | | | BUSINESS DETAILS: | Location Situated in a parade, residential and commercial area, KENTOpening Hours The Showroom is at present open from 10 a.m. - 2 p.m. Monday - Saturday inclusive.Turnover WE ARE INFORMED the turnover year ending 31st August, 2005 showed 154,062 with a gross profit of 54,551 (including rental received in respect of the accommodation over of 4,527). It should be noted that the turnover is for the kitchens, the labour charges for installing the fitted kitchens is undertaken by contractors and we understand the contractors collect the labour charges direct from the individual clients.Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: 692 p.a. approx. + water rates
THE BUSINESS HAS BEEN ESTABLISHED FOR APPROX. 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.Price TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 38,000 (including the 2 Kitchen Displays)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 275,000 (including the 2 Kitchen Displays)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation The accommodation in the form of SELF CONTAINED accommodation over with DOUBLE GLAZING to rear of property and FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of 535 per month, however, we understand vacant possession can be given on completion if required. The accommodation comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted Kitchen/Dining RoomStaff The business is at present operated by the vendor with occasional part time assistance. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
