Most Attractive And Old Established Needle Craft & Sewing Machine Centre Including Patchwork And Fabrics | | Undisclosed Kent | | Situated in a parade, excellent trading position, close to the Cathedral, KENT | | ADVERT NUMBER : 39332
ADVERT IMPRESSIONS : 57,832 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £55000 | | | | | BUSINESS DETAILS: | Features : The business has been in the same hands for the past 28 years and is now solely offered for sale due to the vendor's retirement.ATTRACTIVE OLDE WORLDE PREMISES. DOUBLE FRONTED SALES SHOP approx. 600/700 sq. ft. including office area, carpeted, fluorescent lighting. Counter, electronic cash register, additional glass display counter (used for measuring).Stairs to first floor also fully carpeted and used as a Studio Area with space for 6 tables with sewing machines.Stairs to second floor providing 2 storeroomsStaff cloakroom with w.c. and wash hand basinIn addition there is a basement used for storage purposesLocation : Situated in a parade, excellent trading position, close to the Cathedral, KENTOpening Hours : Monday - Friday inclusive - 9.30 a.m. - 5 p.m.Saturday opening - 9 a.m. - 5 p.m.NO SUNDAY TRADINGThe business is also closed on all Bank HolidaysTurnover : WE ARE INFORMED the turnover aveages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st October, 2009 showed sales of £245,050 with a gross profit of £126,839. The business has a web ste, which we understand provides additional enquiries and sales.Tenure : We understand the premises are held on a secure renewable lease from the Cathedral, the present lease expiring on the 25th December, 2010 at a rental of £17,000 p.a. exclusive of rates for the remainder of the term. We are also advises that the tenant is only responsible for interior repairs and decorations.Uniform Business Rates: £9,000 p.a. approx.AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDMUST BE SEEN TO BE FULLY APPRECIATEDPrice : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTStaff : At present operated by a lady vendor with the assistance of her husband on a part time basis plus 2 full time staff.The Studio we understand is utilized for 2/3 lessons on average per week. Lesson vary from patchwork to soft furnishings plus dress making and curtains. 2 additional ladies are employed on a part time basis for teaching. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
