Profitable Cycle Shop For Sale

Business description

Front area used for display of cycles to -

SPACIOUS SALES SHOP approx. 50ft frontage with electric internal shutters. Sales area in the region of 750 sq. ft. carpeted, ceiling with spotlighting. Well equipped including counter, electronic cash register, slats to walls, display stands etc.

Small kitchen area with sink
Staff w.c.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring in May, 2010 at a rental of £15,000 p.a. exclusive of rates.

Uniform Business Rates: £1,200 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Courtyard position, just off the High Street, sought after SURREY

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 36% approx. We are further advised that the sales year ending April, 2007 showed in the region of £250,000 inclusive of VAT. The present owner anticipates that the sales year ending April, 2008 should show in the region of £270,000 inclusive of VAT.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £29,999 plus STOCK AT VALUATION (£35,000 approx) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.