Profitable Vinyl Record Shop - Salisbury

FEATURES
Goadsby Commercial present highly desirable and profitable vinyl record shop business. Busy shop with established clientele. Also includes CD and tape sales, book, memorabilia and hi-fi equipment income streams. Rapidly expanding business. Exciting opportunity for music enthusiast. Includes website and strong social media presence which will be included in the sale. The owner will provide a full training and induction programme following the sale of the business. Reluctant relocation sale.

SUMMARY OF ACCOMMODATION
Record Store. 2 Stock Rooms. 2 Cloakrooms. Kitchenette. Communal Service Lift.

LOCATION
Town Centre position in established Shopping Centre. Adjacent to TK Maxx and amidst national and independent operators. Wilton approx. 4½ miles. Downton approx. 6½ miles. Amesbury approx. 8½ miles.

TRADING & BUSINESS
The owner informs us that in the last trading year the turnover was approximately £100,000 excluding VAT with a Net Profit of approximately £25,000. The stock which needs to be purchased in addition to the business sale price is estimated at the time of writing to be a maximum of £25,000. The business currently operates 4 days a week, Thursday and Friday from 10.00am-5.30pm, Saturday’s 9.00am-5.30pm and Sunday’s 10.00am-4.00pm. The business is operated largely under management. Further accounts can be made available to genuinely interested purchasers.

TENURE
LEASEHOLD. The owner informs us that the premises are held under an original 5 year lease, at a current rent of £14,000 per annum + VAT with an additional service charge of £3,900 per annum + VAT. We have not had sight of this lease documentation.