A LONG ESTABLISHED BOOKSHOP WITH STATIONERY AND GREETINGS CARDS - DELIGHTFU
Price:
Leasehold - £15,000
Business Type:
Retail businesses
ALONG ESTABLISHED GENERAL BOOKSHOP TOGETHER WITH STATIONERY AND GREETINGS CARDS, LOCATED IN THE CENTRE OF SURREY’S ‘LARGEST VILLAGE’ – TOKEN PREMIUM OF £15,000 SOUGHT AS AN URGENT SALE IS NOW REQUIRED.
A GENUINE OPPORTUNITY TO ACQUIRE A VERY OLD ESTABLISHED GENERAL BOOK SHOP, NOW OFFERED FOR SALE BY OUR CLIENT WHO PURCHASED THE BUSINESS THROUGH OUR AGENCY SOME 4 YEARS AGO AND WHO NOW WISHES TO RETIRE. SITUATED IN THE CENTRE OF THIS MUCH SOUGHT AFTER AND DEVELOPING SURREY VILLAGE, THE BUSINESS OCCUPIES CHARACTER 17TH CENTURY PREMISES WHICH PROVIDES DEPARTMENTS FOR BOOKS, STATIONERY AND GREETINGS CARDS. FIRST FLOOR OFFICE/STORES WITH POTENTIAL TO CREATE FURTHER RETAIL SPACE. GROSS SALES FOR THE 12 MONTHS TRADING UP TO THE END OF DECEMBER 2010 AMOUNTED TO CIRCA £250,000 AT AROUND 40% GROSS PROFIT MARGIN, WHERE ACTIVELY INVOLVED WORKING OWNERS COULD GENERATE EXCELLENT NET RETURNS. OPERATED OVER MOST CONGENIAL TRADING HOURS, MONDAY TO SATURDAY PLUS SEASONAL SUNDAY OPENING. OPERATED BY OUR CLIENT WITH ONLY PART TIME STAFF BUT EASILY MANAGEABLE BY AN ACTIVELY INVOLVED HUSBAND AND WIFE TEAM. THE PREMISES ARE HELD UNDER A SECURE RENEWABLE LEASE AT VERY FAIR RENTAL FOR THIS EXCELLENT LOCATION, AND WHERE THE LANDLORD WOULD BE PREPARED TO OFFER A NEW LONGER LEASE TO INCOMING NEW TENANTS IF PREFERRED.
The character 17th Century premises occupy an eviable trading position right in the centre of the Village, and front a slip road which affords valuable High Street customer parking right outside.
The premises are held under a secure lease for a term of 10 years from September 2002 and which expires in 2012. The current rental is £16,000 per annum exclusive. We understand from our client that the Landlord would, in principle, be happy to offer a new longer lease to prospective new Tenants, terms to be agreed.
Easiest trading hours opening from 9 a.m. to 5 p.m. Monday to Saturday only plus seasonal Sunday ope
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