Hardware Store and Household Goods Shop in South London For Sale

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

Turnover £ 5,000
Price £130,000

Features

Old Established Hardware & Homewares Shop

DOUBLE FRONTED PREMISES in the region of 1,150 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, modern adjustable shelving, CCTV system (11 cameras, 1 monitor).

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 55% approx.

Staff

The business is at present operated by 2 brother with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 6pm
SUNDAY 10am - 4pm

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £30,000 p.a.

Business Rates from April 2024 £3,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1987, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£60,000 APPROX. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote