Profitable Old Established Hardware, Diy | | Undisclosed Surrey | | Excellent main road trading position, sought after residential area, SURREY | | ADVERT NUMBER : 60880
ADVERT IMPRESSIONS : 5,646 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Tool Hire & Sales | | SALE: | Agent Sale | LEASEHOLD: | £64950 | | | | | BUSINESS DETAILS: | Features : Front area used for display
SPACIOUS SINGLE FRONTED SALES SHOP approx. 750 sq. ft. sales area with peg boarding, shelving, counter, paint mixing machine, RST key cutting machine plus additional key cutting machine.
Rear store area plus 2 additional storerooms
Cloakroom with w.c. and wash hand basin
Location : Excellent main road trading position, sought after residential area, SURREY
Opening Hours : Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday opening - 9 a.m. - 5 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.
Turnover : WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 47% approx. We understand from the vendor that the anticipated turnover year ending 31st March, 2010 should show in the region of £210,000 inclusive of VAT. We are further advised that the sales year ending 31st March, 2010 showed £164,449 (inclusive of VAT) with a gross profit of £66,007. A new website has recently been added to the business and is now fully operational. We understand the present owners have not done any promotion work in relation to this, however, in our opinion the website could be an additional source of revenue in the right hands.
Tenure : We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 7½ years unexpired at a rental of £12,297 p.a. exclusive of rates subject to annual increase tied to the Retail Price Index.
Uniform Business Rates: £6,130.25 p.a.
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED HARDWARE, DIY BUSINESS IN THIS SOUGHT AFTER LOCALITY
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £64,950 plus STOCK AT VALUATION (£37,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by the vendor with the assistance of his wife on a part time basis plus his daughter 10 hours per week and his son-in-law on Saturday. Wages paid in the region of £180 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
