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Reference M4616

Garden Equipment in Lewisham For Sale

Garden Equipment in Lewisham For Sale
Buy a Garden Equipment in Lewisham For Sale

Register to see map and to make an appointment Situated in a parade, busy trading position, SE LONDON LEWISHAM

Turnover 2,000
Price 75,000

Features

Garden Equipment (including Tools, Small Diy, Lawnmowers (sales & Repairs), Fitted Kitchen (recently Introduced), Calor Gas

SPACIOUS SALES SHOP combining 2 shops in the region of 2,200 sq. ft. including storage section & area for lawn mower repairs.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,000 p.w. included in the turnover are sales of lawnmowers including second hand lawnmowers & repairs. In our opinion there is terrific potential to develop the fitted kitchen side of the business, if desired. Gross profit 50% approx. We are further advised that the sales year ending 31st March, 2015 showed 88,297

Staff

The business is at present operated by the vendor with the assistance of 1 person when required on a self employed basis to assist in the repair or lawnmowers.

Trading Hours

Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Accommodation

Included in the lease we are advised are 2 SELF CONTAINED 2 BEDROOM FLATS over the shop, let unfurnished on shorthold tenancies & providing a combined rental income of 20,800 p.a.

Outside

Parking space at rear for 2 cars (1 used at present for the cage for the storage of Calor Gas)

Tenure

We understand the shop premises with the 2 flats over are held on lease for a period of 10 years from the 29th September, 2016 at a rental of 24,000 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter. (As will be appreciated with the rental income currently of 20,800 p.a. the net rental payable at the present time is only 3,200 p.a. exclusive of rates).

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS (including fitted kitchen display) 75,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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