Travel Accessory Shop in Essex For Sale

Situated in a Parade, unopposed trading position, residential, office and commercial area, EAST ESSEX.

Turnover £ 5,000
Price £124,000

Features

Highly Profitable Luggage and Bags Shop

ESTABLISHED 1977
6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 960 ft², laminated strip floor, suspended ceiling with spot and fluorescent lighting, glass display sales counter, cash register, modern adjustable shelving, display stands, CCTV system (6 cameras, 2 monitors).

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 35% + approx.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 9.30am - 5.30pm
SATURDAY 9am - 5.30pm

Outside

Rear yard with shared parking

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 4 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £14,000 p.a.

Business Rates from April 2024 £200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1977, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

THE SALE WILL BE VIA SHARE TRANSFER

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £124,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote