Household Goods Shop in Primrose Hill For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, close to station, NW LONDON PRIMROSE HILL

Turnover £ 5,500
Price £110,000

Features

Hardware with Kitchenware, Mobile Accessories and Repairs, Luggage and Toys

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTER in the region of 680 ft² and awning. Industrial non slip flooring, tube lighting. Sales counter, electronic cash register, fully shelved, central display gondolas. CCTV (7 cameras)

Cloakroom with toilet and sink.

Stairs to basement in the region of 625 ft² used predominantly for storage.

Kitchenette - sink, cupboard, fridge, microwave

Cloak room with toilet and sink

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 57% approx.

Staff

The business is at present operated by the vendor with 1 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £750 p.w. approx.

Trading Hours

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

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £28,000 p.a.

Business Rates from April 2022 £5,800 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE,GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote