Profitable Furniture Showrooms | | Undisclosed Lincolnshire | | Excellent main road trading position, LINCOLNSHIRE | | ADVERT NUMBER : 53096
ADVERT IMPRESSIONS : 32,975 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £200000 | | | | | BUSINESS DETAILS: | Features : Large customer's car park for 20/25 cars
DETACHED & SPACIOUS SHOWROOMS in total in the region of 13,500 sq. ft. Front area with tiled floor. Rear section with heavy duty carpet.
4 offices
Disabled cloakroom with w.c. and wash hand basin plus ladies' and gentlemen's cloakrooms
REAR WAREHOUSE in the region of 3,000 sq. ft.
In addition the owner has the use of a warehouse/storeage area approx. ½ hour drive from the business, held on a monthly arrangement at a cost currently of £2,500 p.a.
Location : Excellent main road trading position, LINCOLNSHIRE
Opening Hours : Monday - Saturday inclusive - 9.30 a.m. - 5 p.m.
Sunday opening - 11 a.m. - 4 p.m.
Turnover : WE ARE INFORMED the turnover averages in the region of £16,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending December, 2008 showed £743,000 with a gross profit of £322,807.
Tenure : We understand the showrooms are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a current rental of £56,000 p.a. exclusive of rates, increase linked to the Retail Price Index.
The Warehouse situated to the rear of the showroom is held on a separate lease having approximately 5 years unexpired at a current rental of £6,000 p.a. exclusive of rates, increasing to a maximum of £10,000 p.a. exclusive of rates over the 5 year period.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£120,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by the vendor on a part time basis with the assistance of 2 full time and 1 part time in respect of sales. In addition there is 1 full time staff employed in respect of the warehouse. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
