Long Established Wallpaper & Paint Shop | | Undisclosed Essex | | Situated in a parade, excellent main road trading position, ESSEX | | ADVERT NUMBER : 47068
ADVERT IMPRESSIONS : 20,855 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Tool Hire & Sales | | SALE: | Agent Sale | LEASEHOLD: | £27500 | | | | | BUSINESS DETAILS: | Features : This long established Wallpaper & Paints Business has been in the same family for the past 50 years and there are genuine reasons for sale.
SPACIOUS SINGLE FRONTED SALES SHOP in the region of 950 sq. ft. sales area, carpet tiled floor, suspended ceiling, display shelving, counter, electronic cash register etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Situated in a parade, excellent main road trading position, ESSEX
Opening Hours : Monday - Saturday inclusive - 9 a.m. - 5.15 p.m.
NO SUNDAY TRADING
Turnover : WE ARE INFORMED the turnover year ending May, 2010 showed in the region of £237,000 in our opinion offering further potential to increase in the right hands. Gross profit 33% approx.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
AS STATED THE BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 50 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE PRESENT VENDORS ILL HEALTH.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £27,500 plus STOCK AT VALUATION (£40,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by 1 of the partners with the assistance of his wife plus 3 part time staff and 1 casual staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
