Well Established Stationery, Greeting Cards, Gifts, Pens, Books, Model Trains | | Undisclosed West Midlands | | Busy road, sought after residential area, WEST MIDLANDS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66610
ADVERT IMPRESSIONS : 11,127 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £50000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,400 sq. ft. approx. with carpet tiled floor, 13 greeting card stands with drawers, attractive wooden shelving for books, 4 revolving card stands, lockable glass display stand, photocopier (on loan), additional glass display cabinet, display stands, display gondolas etc.
It will be appreciated upon inspection that the shop could benefit from some refitting.
Stairs to first floor approximately 1,000 sq. ft. area with kitchen 2 w.c’s, office
It will be appreciated upon inspection that the first floor area could be utilized as an additional sales area or indeed in our opinion has potential to be converted in to living accommodation, subject to the necessary permission.
Location : Busy road, sought after residential area, WEST MIDLANDS
Opening Hours : Monday – Saturday inclusive – 9 a.m. – 5.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays
Turnover : WE ARE INFORMED turnover averages £4,000 p.w. in our opinion offering tremendous potential for further development in the right hands and indeed in our opinion offers tremendous potential to develop the sale of model toys, if desired. We are further advised that the sales year ending 28th February, 2010 showed £200,431 with a gross profit of £72,801.
Tenure : We understand the present lease expires in March, 2012 at a current rental of £22,500 p.a. exclusive of rates. We understand that subject to satisfactory references the landlords are prepared to grant a new 5/15 years lease at an anticipated rental of approximately the same i.e. £22,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £12,000 p.a. approx.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1995 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (in the region of £40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Parking at rear for 5 cars
Staff : The business is at present operated by a lady vendor with the assistance of 1 full time staff. | | | | | | FOR SALE | | | | | REFERENCE: | C7773 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
