Well Established Quality Schoolwear, Scouts & Girl Guides Uniforms, Educational Toys, Baby Gifts Etc | | Undisclosed Hertfordshire | | Situated in a secure shopping precinct, sought after Country Town, HERTFORDSHIRE | | ADVERT NUMBER : 69997
ADVERT IMPRESSIONS : 16,229 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | LEASEHOLD: | £18500 | | | | | BUSINESS DETAILS: | Features : This attractive shop is situated in a Courtyard setting which for security is locked after 6 p.m. each day.
Ample Pay & Display Parking nearby
SINGLE FRONTED MEDIUM SIZED SALES SHOP with carpet tiled floor. Attractive wooden display shelving, counter.
Small changing room
Cellar (not used)
Shared ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Location : Situated in a secure shopping precinct, sought after Country Town, HERTFORDSHIRE
Opening Hours : Monday - Friday inclusive - 9.30 a.m. - 5 p.m.
Saturday opening - 9.30 a.m. - 4 p.m.
NO SUNDAY TRADING
The business is also closed on all Bank Holidays
Turnover : WE ARE INFORMED the turnover is in the region of £62,000 p.a. in our opinion offering tremendous potential for further development. The business is situated in a sought after residential area with the advantage of 8 schools also in the area comprising 7 primary schools and 1 secondary school. We understand that this shop is recommended by these schools as the number 1 outlet. We are advised the gross profit is in the region of 50%.
Tenure : We understand the premises are held on a secure renewable lease, the present lease expiring on 30th September, 2018 at a rental of £5,680 p.a. up to 30th September, 2013 with rent to be agreed thereafter. In addition we understand there is a service charge which includes the insurance plus a caretaker for the courtyard employed 6 days per week. We understand the service charge is currently £350 per quarter.
Uniform Business Rates: Nil payable at present after small business relief
THIS ATTRACTIVE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £18,500 plus STOCK AT VALUATION (currently in the region of £15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by a lady vendor with the assistance of her husband on a part time basis. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
