Electrical Retailers for sale in Ilford

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Electrical Retailer in Ilford, Essex

Ilford, London, England

  • Leasehold Price: £49,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £13,500
Seller Reference: NB-M4680
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Business Description
 
 
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Seller Reference: NB-M4680
Request Details
Business Description
Nationwide brings to the market this WELL ESTABLISHED & SPACIOUS DOMESTIC APPLIANCES (including cookers, fridges, washing machines, tumble dryers etc). Situated in a parade, main road trading position, ILFORD, ESSEX.

The business has been in the same hands since established 20 years ago & there are genuine reasons for sale.

SPACIOUS SALES SHOP probaby in the region of 1,700 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting, 2 desks.

Cloakroom with w.c. & wash hand basin

Turnover : WE ARE INFORMED the turnover is in the region of £13,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 30th September, 2018 we are advised showed £725,000 net of VAT with a gross profit of 30% approx.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 plus STOCK AT VALUATION (£80,000 approx.could be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (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. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £49,000 (M4680)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Available as an OPTIONAL EXTRA is a SELF CONTAINED FLAT with separate front entrance & FULL GAS FIRED CENTRAL HEATING, comprising:

Large Double Bedroom
Shower Room with shower, w.c. & wash hand basin
Lounge
Separate Dining Room (or 2nd bedroom)
Large KitchenSmall enclosed yard at rear
Listed by:
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