Expanding General Auction House
Price:
Leasehold - £12,000
Location:
Northamptonshire
Business Type:
Service Businesses
HISTORY
• The business has been with the current vendor for over 2 years
REASON FOR SALE
• The auction house is only now being reluctantly offered for sale as they now wish to take a well earned retirement
SERVICES
• The business operates a twice weekly auction of general household items, Antiques and Collectables.
• They will sell any legal item, they are not allowed to sell knives and livestock
• They do accept reserve bids and telephone bids
• Commission is charged to both buyers and sellers at 15% of the achieved value with a minimum of £1.00 per lot
• Delivery, if required, is organised and charged for by a local man with a van business
CUSTOMERS
• The successful bidders are generally within the county or its neighbours
STRENGTHS
• Excellent location surrounded by a good mix of residential properties and commercial businesses
• Good arrangement with local dealers on a sale or return basis for some stocks
SCOPE
• Carry out more advertising to ensure all potential buyers and sellers are aware of the services on offer
• Have live internet auctions
• Find house clearance agents to do a deal on re-selling
• Contact local bailiff firms
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The auction house is very well situated in the heart of a mixed residential / commercial area in Northamptonshire.
• The university is also nearby
• Leasehold
• Original Lease 6 years
• Remaining: 4 years
• Review every: 3 years
• Rent: £16,833 per annum
• Rates: £5,600 per annum
• Mon: 10am to 3pm
• Tues: 10am to 3pm
& 5pm to 7pm
• Wed: 10am to 6pm
• Thurs: by appointment
• Large spacious ground floor lock up premises which extends to circa 2,500 square feet
• Centre desk with side lockable glass display cabinets – 2 elevated podiums, one at either end of the showroom
• Centre kitchen area
• Front loading / unloading bay
• Male & female W/Cs
• The premises have A-Z camera CCTV system
• Parking is free of charge in all the surrounding streets near to the business
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