Gift Shop in West Midlands For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, WEST MIDLANDS

Turnover £ 4,650
Price £60,000

Features

High Turnover Vape Shop

SINGLE FRONTED PREMISES in the region of 890 ft² with ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with LED panel lights, modern adjustable shelving, sales counter, EPOS till. CCTV system (4 cameras, 1 monitor).

Highlights:
· Trademarked Brand
· E-commerce Website
· High Footfall Location
· Plenty of Parking
· Large Strong Local Customer Base
· Recognised By Worldwide Brands
· Excellent Feedback On Google
. Located On a Busy High Street With Large & Small Businesses

Stockroom with secured storage partition / Storeroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,650 p.w. with a gross profit of 50% approx.

Staff

The business is at present operated by 1 full time plus 1 part time staff. The vendor would be happy to provide support for the first year from a distance to ensure the smooth transition of hands.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m - 8 p.m
SUNDAY 10 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a rolling lease, at a current rent of £15,000 p.a. We understand the private landlord subject to satisfactory references is happy to grant a new 5 years lease

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO CHANGE IN PERSONAL CIRCUMSTANCES

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£18,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote