Profitable old established LUGGAGE, BRIEF CASES plus HANDBAGS BUSINESS
Price:
Leasehold - £25,000
Location:
London, CITY OF LONDON Central London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Listed Building
Attractive single fronted SALES SHOP approx. 330 sq. ft. sales area with woodstrip floor, suspended ceiling. The equipment includes glass display counter, attractive shelving, window display shelving, upright glass display cabinet etc.
Rear staircase to first floor comprising:
2 storerooms
In addition there is an internal staircase from the ground floor and indeed a separate external front door access to large basement (all recently refurbished to a high standard. In our opinion the basement area has potential for a number of uses, subject to the necessary landlords and indeed planning permission.
WE ARE INFORMED the turnover currently averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st March, 2011 showed £222,277 with a gross profit of £99,307.
We understand the premises are held on a secure renewable lease having 15 years unexpired from June, 2007 at a rental of £38,800 p.a. plus VAT, exclusive of rates up to June, 2012, with rent review at that time and thereafter every 5 years. In addition we understand there is a current service charge of approximately £7,200 p.a.
Uniform Business Rates: £18,000 p.a. approx. + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION (£30,000 approx. should reduce after the Christmas period).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a prime trading position, CITY OF LONDON
Strict 5 day week.
Monday - Friday inclusive - 9.30 a.m. - 5.30 p.m.
CLOSED ALL DAY SATURDA
North Yorkshire
£ 750,000
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