Hardware and Plumbing Shop in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE LONDON

Turnover £ 5,500
Price £55,000

Features

Imposing Plumbing & Diy Shop

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 5,600 ft² WITH ELECTRIC SHUTTERS, tiled floor, ceiling with fluorescent lighting, sales counter, EPOS till, modern adjustable shelving, CCTV system (16 cameras, 2 monitor).

Office

Basement in the region of 2,650 ft², used for storage purposes.

Kitchen.

2 Toilet with w.c. and wash hand basin.

Shower

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the vendor with 1 full time and 1 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 7am - 5pm

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 10 years full repairing and insuring lease with rent reviews every 5 years at a rent of £60,000 p.a. for the first 5 years.

Business Rates from April 2024 £27,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£300,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote