DIY and Hardware Stores for sale in East London

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Amy Cross, Spoton.net (July 2016)
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Leasehold Price: £99,500 Weekly Turnover: £6,000
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Business Description
This well established business has been in the same hands in this area since 1984 & at the existing premises for the past 10 years.

SPACIOUS RETAIL SHOP in the region of 1,838.5ft² (170.8M²) sales area & fully equipped including counter, electronic cash register, saw bench, 2 paint mixing machines, shelving, display stands, computer system, 2 key cutting machines. CCTV system with 8 cameras, monitor & recording etc & electric shutters.

Several Stockrooms
2 w.c's
Kitchen
Shower room

There is also a Flat Bed Truck utilized for deliveries available by separate negotiation

Situated in a parade, large residential area EAST LONDON

Turnover : £6,000 p.w. which in our opinion offers further potential to increase. Gross profit 50% approx. We are further advised that the sales for a 13 month period ending 31st December, 2015 showed £263,615 with a gross profit of £130,058.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£90,000 approx)

NATIONWIDE BUSINESSES CAN OFFER A SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure
Tenure: Leasehold

Listed by: Nationwide Businesses Ltd
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M4719
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