Card and Party Shop in Somerset For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, North Somerset.

Turnover £ 1,750
Price £44,950

Features

Greeting Cards & Party Shop

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,120 ft² with carpet tiled floor, suspended ceiling with LED lighting, sales counter, EPOS till, modern adjustable shelving, card display stands, helium canister, glass display cabinets, CCTV system (6 cameras, 1 monitor).

Stock room.
Kitcheette.
Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,750 p.w. with a Gross profit of 80% approx.

Staff

The business is at present operated by 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 10am - 4.30pm

Tenure

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed but currently paying £18,680.

Business Rates from April 2024 £220 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £44,950 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,475 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote