Quality Gift Shop | | Undisclosed Wiltshire | | Excellent trading position, opposite Marks & Spencer, WILTSHIRE | | ADVERT NUMBER : 65093
ADVERT IMPRESSIONS : 12,977 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Card Shops | | SALE: | Agent Sale | LEASEHOLD: | £57950 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a quality Gift Shop including Wedgewood, Dalton, Waterford Crystal. In addition the business sells leather handbags and Yankee candles.
IMPRESSIVE & SPACIOUS SINGLE FRONTED SALES SHOP carpeted and well equipped including 17 Illuminated glass display cabinets, attractive glass and wooden shelving, counter, electronic cash register, display stands etc.
Location : Excellent trading position, opposite Marks & Spencer, WILTSHIRE
Opening Hours : Monday - Saturday inclusive - 9 a.m. - 5 p.m.
NO SUNDAY TRADING
Turnover : WE ARE INFORMED the turnover averages £2,200 p.w. in our opinon offering tremendous potential for further increase in the right hands. Gross profit 64.5% approx. We are further advised that the sales year ending 31st March, 2011 showed £91,510 net of VAT with a gross profit of £59,090.
Tenure : We understand the entire premises are held on a secure renewable lease for a period of 20 years from 1998 at a current rental of £28,300 p.a. exclusive of rates up to 2013, with rent review at that time and thereafter every 5 years. (As will be appreciated with the rental income from the 3 self contained flats currently of £15,540, the net rental payable at the present time is only £12,760 p.a. exclusive of rates).
Uniform Business Rates: £9,315 p.a.
OUTSTANDING OPPORTUNITY TO ACQUIRE A QUALITY GIFT SHOP IN THIS EXCELLENT TRADING POSITION.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £57,950 plus STOCK AT VALUATION (£50,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : Included in the lease are 3 SELF CONTAINED FLATS with NIGHT STORAGE HEATERS, all let on shorthold tenancies, however, we understand that vacant possession can be given on completion, if required.
Flat No. 1 Self Contained Flat, we understand the rental payable at present is £395 per month, comprising:
1 Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge with kitchen area
The other 2 Self Contained Flats are each let on a shorthold tenancies and provide a rental income of £450 per month each. The 2 flats each comprise:
2 Bedrooms
Bathroom
Lounge
Kitchen
Staff : At present mainly staff operated. Staff empployed 1 full time and 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
