Well established PET SHOP
Price:
Leasehold - £23,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : The Business has a Live Pet Licence.
We understand the Pet Shop was established approximately 35 years ago and has been in the same hands for the past 11 years and there are genuine reasons for sale.
SPACIOUS DOUBLE FRONTED PREMISES probably in the region of 800 sq. ft. sales area with tiled floor, high ceiling with concealed lighting. The equipment includes shelving, peg boarding, glass fronted counter, electronic cash register, 2 bird cages, hampster cages etc.
In our opinion as will be appreciated upon inspection the shop would benefit from some refitting.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 40% approx.
We understand the premises are held on a secure renewable lease, the present lease expiring in June, 2012 at a rental of only £15,300 p.a. exclusive of rates. (As will be appreciated with the rental income currently of £10,800 p.a. in respect of the maisonette, the net rental payable at the present time is only £4,500 p.a. exclusive of rates). We further understand that the landlords, subject to satisfactory references, are prepared to consider granting a new 15/20 years lease at an initial rental of approximately £16,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £5,000 p.a. approx.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £23,000 plus STOCK AT VALUATION (£6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, busy shopping area, large residential locality, MIDDLESEX
Monday - Saturday inclusive - 9 a.m. - 5 p.m.
NO SUNDAY TRADING
The accommodation in the form of a SELF CONTAINED MAISONETTE over, is at present let on a shorthold tenancy and provides a rental income of £900 per month, however, we understand that vacant possession can be given on complete if required. The Maisonette comprises:
3 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen
Yard at rear with parking space for 1 car
North Yorkshire
£ 750,000
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