Long Established Greeting Cards & Gifts | | Undisclosed West Midlands | | Situated in a Parade, excellent trading position, residential area, WEST MIDLANDS | | ADVERT NUMBER : 47118
ADVERT IMPRESSIONS : 15,041 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Card Shops | | SALE: | Agent Sale | LEASEHOLD: | £30000 | | | | | BUSINESS DETAILS: | Features : SUMMARY:
• PRICE (LEASEHOLD) £30,000
• GROSS PROFIT 75%
• TURNOVER £1,500p.w.
DESCRIPTION:
Double fronted, medium sized premises, carpet tiled floor, suspended ceiling with spot lights. Well equipped including sales counter, electronic cash register, shelving, 12 x greeting card display stand with drawers.
• Stock room / Store room.
• Staff kitchen area.
• Staff toilet with w.c. and wash hand basin
Location : Situated in a Parade, excellent trading position, residential area, WEST MIDLANDS
Opening Hours : 7 Day week (Monday - Saturday) 9am - 5pm
Sunday 10am - 2pm
Turnover : WE ARE INFORMED by the vendor the turnover averages £1,500 p.w. with seasonal adjustments the turnover incrases to £1,800/£1,900 p.w. Gross profit 75% approx. We are further advised by the vendor that the annual turnover is around £90,000/£100,000 p.a.
Tenure : We understand the premises are held on a secure renewable lease from the private landlord for a period of 10 years and currently has 9 years unexpired next review in 4 years with reviews every 5 years at a rent of £18,000 p.a.
Uniform Business Rates: £5,000 p.a. approx. + water rates (metered).
Price : TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Outside : Free parking to rear.
Staff : The business is at present operated by the vendor, with the assistance of 1 full time staff and 1 part time Saturday girl. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
