Picture Framing Shops for sale in Reading

View the "WELL-ESTABLISHED PICTURE FRAMERS - THAMES VALLEY - UNDER OFFER" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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S Martin (Feb 2013)
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Leasehold Price: £48,500 Under Offer Annual Turnover: £104,987 Annual Gross Profit: £83,859 Annual Net Profit: £58,000
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Business Description
PICTURE FRAMERS WITH HIGH PROFIT RETURN. A WELL-ESTABLISHED BUSINESS WITH EXCELLENT REPUTATION OPERATING FROM WELL SITED PREMISES LOCATED IN THE THAMES VALLEY TOWN OF READING. CONSIDERED POTENTIAL TO DEVELOP MORE INTERNAL GALLERY SALES.

The Parade Premises are held on a 12 year lease from November 2009 at a current rent of £12,000 per annum. Next review November 2018. No difficulty anticipated over renewal.

Double Fronted Shop fronted by a deep pavement forecourt (parking for two cars). There is also a further single car space to the rear of the premises.

Double Fronted Shop (circa 400sqft, 38.60m2). Workshop to rear (circa 123sqft, 11.50m2). Kitchen. Small Storeroom. Toilet.

Outside:- Single car space at rear and two spaces on forecourt.

Account figures for the year to March 2015 show Turnover £104,987 (ex VAT) with Gross Profit of £83,859 (79.89%) and Net Profit with certain add-backs totalling circa £58,000.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £48,500 STOCK EXTRA AT VALUATION (CIRCA £2,000)
Tenure: Leasehold

Leasehold Term:

The Parade Premises are held on a 12 year lease from November 2009 at a current rent of £12,000 per annum. Next review November 2018. No difficulty anticipated over renewal.

Listed by: A H LANSLEY
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C.6799
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