Well Established Hardware/diy | | Undisclosed Middlesex | | Situated in a parade, excellent main road trading position, densely populated residential area, MIDDLESEX | | ADVERT NUMBER : 66750
ADVERT IMPRESSIONS : 6,190 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Tool Hire & Sales | | SALE: | Agent Sale | LEASEHOLD: | £49500 | | | | | BUSINESS DETAILS: | Features : Service road in front of parade (providing free car parking)
SPACIOUS DOUBLE FRONTED SALES SHOP with electric shutters. The shop has a tiled floor, counter, electronic cash register, modern shelving, 2 key cutting machines, display stands, photocopier.
Rear storeroom
Kitchen area with wash hand basin
Staff w.c.
Location : Situated in a parade, excellent main road trading position, densely populated residential area, MIDDLESEX
Opening Hours : Monday - Saturday inclusive - 9 a.m. - 6 p.m.
NO SUNDAY TRADING
Turnover : WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit we are advised in the region of 50%. In addition the business has Western Union and we understand this provides a further income of approximately £300/£400 per month.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £9,750 p.a. exclusive of rates. We further understand that the rent is under revision at present, however, the tenent does not anticipate any great increase. We are further advised that the rent reviews are every 4 years.
It should be noted that part of the shop is at present sub-let for computer repairs/internet café on a monthly agreement and provides a rental income of £600 per month, however, we understand this agreement can continue or be discontinued, if desired.
As will be appreciated with the current rental income of £7,200 p.a. the net rental payable at the present time is only £2,550 p.a.
Uniform Business Rates: £5,400 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Rear service road with parking
Staff : The business is at present operated by the vendor on a part time basis with the assistance of 1 full time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
