Professional Commercial Property Company, Located in Sussex.

  • Freehold Price: TBA
  • Leasehold Price: £295,000
  • Annual Net Profit: £120,000
  • Annual Turnover: £310,000
Sussex, England
Seller Ref:1408 Commercial
For Sale

Professional Commercial Property Company, Located in Sussex.

Sussex, England
Seller Ref:1408 Commercial
  • Freehold Price: TBA
  • Leasehold Price: £295,000
  • Annual Net Profit: £120,000
  • Annual Turnover: £310,000

Description

Current annual income is in the region of: £310,000, from commercial management and sales and professional work. This is an established company and income has grown steadily over the years, last year saw a 15% increase in revenue and this trend is continuing and there is a good demand for residential lettings, which are turned away. The business is for sale due to the retirement of one of the directors and the remaining director is willing to stay on if required, in a consultancy role. Audited Accounts for the year ending 31/03/23 show an income of £260,000 producing an operating trading profit of £120,008 (profit plus directors wages), showing the viability of this highly respected year on year growing business. The premises do not have to be included in the sale or can be Leasehold or Freehold

Leasehold Terms:
New Lease to be granted if required. Annual Rental of £14,400 + VAT
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

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