Profitable well established CYCLE SHOP
Price:
Leasehold - £59,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP. Fluorescent and spotlighting. Well fitted including display stands, counter, electronic cash register.
Stockroom
Office
Staff cloakroom with w.c. and wash hand basin
Stairs to basement providing additional storage and a workshop area for cycle repairs.
WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that sales year ending June, 2010 showed £312,000 with a gross profit in the region of £130,000.
We understand the premises are held on a secure renewable lease having approx. 3 years unexpired at a rental of £37,000 p.a. exclusive of rates exclusive of rates for the remainder of the term. We understand the landlord is prepared to consider a surrender of the existing lease and subject to satisfactory references granting a new longer lease at terms and rent to be agreed.
PERSONALL INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, prime trading position, BERKSHIRE TOWN
Monday - Saturday inclusive - 9 a.m. - 6 p.m.
Sunday opening - 11 a.m. - 4 p.m.
North Yorkshire
£ 750,000
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