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Busy Cambridge Hardware and Discount retailer

Cambridge, Cambridgeshire
Leasehold Price:
£69,999
Status
FOR SALE
Advert ID
246925
Reference
1332 / Rightbiz
  • Cambridge Hardware and Discount retailer
  • Valuable inventory of quality fixtures & fittings
  • Well-presented throughout
  • Located in sought after University City
  • Healthy turnover and profits with scope to improve
  • Excellent local reputation for first class service
  • Desirable trading position on busy shopping street
  • Fantastic change of lifestyle opportunity
  • Good mix of complementary businesses nearby
  • Genuine retirement sale
  • Suitable for Polish Turkish or Indian supermarket 

Falcon Commercial is delighted to offer for sale this popular Hardware and Discount Retailer which occupies a highly visible prime trading position on one of the main shopping streets that runs through the sought after trading city, Cambridge. Kailash Stores has been serving the local area since the 2009 and is now reluctantly being placed on the market as the owner wishes to retire.

During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.

This thriving opportunity is operated as a multifaceted business offering a comprehensive range of homeware, DIY, stationery, pet, gardening, kitchenware, personal and travel products many of which are at discounted prices.

Kailash Stores enjoys an all year-round trade with sales in the region of £140,000 with excellent gross profit margins. There is tremendous potential to increase the turnover and profits by possibly running a modest marketing campaign, extending the opening hours to include Sundays or by offering online sales as the business is currently without a major online presence.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises

Substantial leasehold building, benefiting from being in a highly visible position on one of the main shopping streets in the world-famous City of Cambridge.

The premises are fitted and well presented to create highly functional internal business accommodation.

The premises briefly comprise:

Ground Floor

  • Double Fronted RETAIL AREA, containing a full range of modern, high quality fixed and freestanding purpose-built display racking, shelving and carousel units
  • The rear the premises provide further ancillary business accommodation which consists of a general storeroom.
  • Kitchen
  • Toilet

First Floor

  • 2 Large rooms currently used for storage

External

  • Bin store

Business Details

Opening Hours

  • 9.30am – 6.00pm Monday to Saturday
  • Closed Sundays and Bank Holidays

Turnover

£140,000

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Business Rates

Business rates payable: £8,500

Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock

The business stock value is:  approximately £25,000

Staff

The business is run by the proprietor and his wife.

EPC

Commercial Energy Performance rating: TBC

Tenure

  • Leasehold.
  • The business is offered for sale on a leasehold basis. The lease was originally for 20 years and has 6 years remaining.

Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website:  www.leasingbusinesspremises.co.uk

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

Viewing

Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note

Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you

Location

Mill Road is a street in southeast Cambridge, England. It runs southeast from near to Parker's Piece, at the junction with Gonville Place, East Road, and Parkside. It crosses the main railway line and links to the city's ring road (the A1134).

Mill Road is approximately 1 mile long and contains an array of Shops, Cafes and international Restaurants. It is regraded as one of Cambridge’s most vibrant destinations.

Listing Details
Leasehold Price: £69,999
Tenure: Leasehold
Location: Cambridge, Cambridgeshire
Sector: Discount Stores, DIY Stores, Pet Shops
Financials
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • Retirement Sale
  • Established Business
  • Potential for Alternative Use
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 1332 / Rightbiz
What's nearby
Within 1 milei:
Reconnect Vasectomy Reversa (Hospital)
EAT. (Cafe)
First Court (Park)
St Andrew the Great Church (Church)
Serena Jewellery (Jewelry Store)
Fosters Bank (Bank)
Lloyds Bank (Bank)
ATM (Atm)
Pret A Manger (Restaurant)
Soboro Bakery (Cafe)
Listing Statistics
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