Translation & Immigration Business in North London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 2,000
Price £40,000

Features

Old Established Translation & Immigration Services

6 DAYS OPENING
ESTABLISHED 2014

DOUBLE FRONTED PREMISES in the region of 360 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED lights

Waiting area with sofa

Desk with computer and 4 chairs, bookshelf's

Private Office

Desk with computer, 2 chairs filing cabnet, bookshelf, 2 additional filing cabnets..

Small Kitchen.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w.

The accounts year ended 30th June 2023
show Saleof £76,15with a Gross Profit of £70,803 Net Profit £29,427

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 11am - 6pm
SATURDAY 12.30pm - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a LICENCE granted for 5 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £10,000 p.a.

Business Rates from April 2024 £700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

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

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote