Profitable A1 Retail Shop For Sale
Price:
Leasehold - £75,000
Location:
Hertfordshire , Watford
Business Type:
Retail businesses
•ADVISED AVERAGE WEEKLY SHOP SALES £6,000 + COMS
•ADVISED ATM MACHINE ANNUAL INCOME £9,000
•SELF CONTAINED 3 BEDROOM OWNERS ACCOMMODATION
•EX CORPORATE STORE
•ESTABLISHED FOR MANY YEARS
•SITUATED IN A BUSY PARADE SURROUND BY AFFLUENT HOUSING AREAS
The business was acquired by our clients in 2006 from the corporate operator Martin McColl. This ex-corporate unit has all the benefits you would expect including: good sized self contained accommodation, prominent trading position, good storage areas and a strong customer base.
Our clients recently installed an external ATM cash machine, which we have been advised generates an annual income of £9,000. If you off set this against the annual rent, the profitability of the business is greatly increased.
This business would suit an experienced operator seeking to expand their portfolio or alternatively a first time buyer wishing to invest in a new venture.
The premises is situated in a busy parade on Courtlands Drive in North Watford.
There are many main routes out of Watford which provide easy access to the M25 and the M1.
Bushey, Radlett, Borehamwood, Kings Langley and St Albans are the main towns surrounding the premises.
A new 15 year lease commenced in November 2009 with an annual rent passing of £14,500.
UK Non-Specific
£ 800,000
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