Freehold Property And High Turnover Betting Shop For Sale | | Sandwich Kent | | Profitable centrally located high turnover betting shop(est 35 yrs) in south east Kent to be sold together with its desirable freehold premises including courtyard garden and upstairs flat. Freehold to buy Freehold Property And High Turnover Betting Shop For Sale is located in Kent. | | ADVERT NUMBER : 41649
ADVERT IMPRESSIONS : 10,570 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Other | | SALE: | Private Sale | FREEHOLD: | £229500 | | | | | BUSINESS DETAILS: | Business Turnover:12 months to 1/3/2010. . Cash t/o £533,637 Cash Gross Profit £81,680
Credit t/o £899,677 Credit Gross Profit £79,207
Totals £1,433,314 £160,887
Net profit £22,000
The shop is located in the centre of Sandwich in S. E Kent. The town is popular with tourists and boasts 2 championship golf courses with next year's British Open being held at Royal St Georges just 2 miles from the town centre. It is the only betting shop within 6 miles and as can be seen has good credit figures with accounts obtained from a wide area. There is good potential to expand this credit customer base and the shop premises would also benefit from some modernising. Included in the credit figures are takings from a small very low cost slip office (open 2 hours each day) based 6 miles away in Aylesham. Shop area 668 square feet including office area and small kitchen
The flat above is a one bedroom flat with a kitchen,bathroom and good sized lounge. It is currently tenanted at 5500 per year with the quality tenant happy to stay or prepared to vacate depending on the buyer's wishes. All fixtures and fittings(several flat screen tv's,computer etc)included in sale. I am deciding to sell to 'cash in some chips'! and spend more time with my children before they fly the nest. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
