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Well established LIGHTING & ELECTRICAL GOODS SHOP

Price:
Leasehold - £20,000
Turnover:
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Seller Ref:
M3322
Location:

Warwickshire

Business Type:

Retail businesses

See Other:
Electrical retailers for sale in Warwickshire
Retail businesses for sale in Warwickshire
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SINGLE FRONTED MEDIUM SIZED SALES SHOP occupying a corner position, tiled floor. Counter, electronic cash register, shelving, display stands.

Stockroom

Staff cloakroom with w.c. and wash hand basin

First floor - available as an optional extra at rent to be agreed with the landlord an office with laminated strip floor.

WE ARE INFORMED the turnover averagers £1,200 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 50% approx.

We understand the shop premises are held on a secure renewable lease, the present lease expiring on the 25th March, 2011 at a rental of £5,800 p.a. exclusive of rates. We understand that subject to satisfactory references, the landlord is prepared to grant a new longer lease at an initlal rental of approximately £5,800 p.a. exclusive of rates, with rent revisions.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Situated end of parade, main road trading position, residential area, WARWICKSHIRE
Trading Hours:
Monday - Friday inclusive - 9 a.m. - 5 p.m.
Saturday opening - 9 a.m. - 4 p.m.
NO SUNDAY TRADI
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