Plumbers Merchant in Luton For Sale

Unopposed trading position, residential area, BEDFORDSHIRE LUTON

Turnover £ 4,000
Price £35,000

Features

Plumbers Merchant

SINGLE FRONTED DOUBLE UNIT 2,075 ft² approx. Painted concrete floor, fluorescent lighting. Sales counter, EPOS computer, modern adjustable shelving.

Fork Lift truck

Stockroom / Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000+ p.w. with a gross profit of 50% approx.

Staff

The business is at present operated by the vendor's son with the assistance of the vendor on a part time basis plus 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive 8am - 6pm
SUNDAY 10am - 4pm

Accommodation

THE ACCOMMODATION entrance via the shop to FLAT with Gas Fired Central Heating, Double-glazed windows over 2 floors USED FOR STORAGE:

Kitchen
Shower room, w.c. and wash hand basin (needs refitting)

Stairs to…
2 Bedrooms (1 double, 1 Single).

Outside

Yard to front

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new full repairing and insuring lease for a period of 16 years at a rental of £16,000 p.a. with rent reviews every 4 years

NIL Business Rates after full relief (Please contact local authority to confirm) plus WATER RATES (METERED).

THE BUSINESS IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£60,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote