Overview
Seller Ref: 011126
Description
A long established ladies fashion and gifts business operating on the main high street in the affluent seaside town of Lytham. The business trades from two adjoining shop units that are connected via an arch providing internal access to both units. For over 30 years the business has traded successfully and has only now been brought to the market due to bereavement. Accounted for separately the two businesses provide strong combined trading profits after expenses. Viewing recommended. Stock at valuation for both shops £30,000 at cost. The vendor will consider selling the businesses separately.
Leasehold Terms:
Both shops have been let on 6 year leases from December 2018 with the current tenant holding over on these leases by agreement with the landlord. The vendor confirms the landlord has indicated new leases would be negotiable prior to the purchase of the business. Current passing rents £20,000 and £21,000 per annum for each shop.
Location Details:
Clifton Street, Lytham is the main high street with other users close by including Tesco Express, Boots, Sainsburys Local and Costa Coffee.
Is this business relocatable:
No
Is stock included:
NA
Business Documents
011126
Listed By:
