A well-established DIY and Discount Store located in a busy high street location within a prosperous and affluent area. The premises is a shop unit of approximately 1,000 sq. ft. with a 3-bedroom flat included as part of the lease, generating additional income of approximately £21,000 per annum.
The unit also features commercial parking and a commercial waste bin at the rear, providing operational convenience.
Business & Premises Details:
Lease: 10 years (renewable)
Rent: £38,000 plus VAT per annum
Rent Reviews: Every 5 years
Business Rates: Approximately £13,000 per annum (without discount)
Service Charge / Insurance: £1,200 per annum
Rental Above: 3-bedroom flat generating £21,000 per annum
Trading Information:
Opening Hours: 8:00 AM – 6:00 PM, 7 days a week
Weekly Sales: £5,000 – £5,500 (advised figures)
Gross Margin: Approximately 50% – 75%
Staffing:
Staff: 2 Full-Time Staff & 2 Part-Time Staff
Premises Size:
Shop Size: Approximately 1,000 sq. ft.
Rear Facilities: Commercial parking and commercial waste bin
Stock:
Approximate Stock Value: £120,000 (Stock at Valuation)
Important Notes:
All sales figures are advised figures only.
All clients must carry out their own due diligence prior to purchase.
Viewing Requirements:
Serious enquiries only. Non-Disclosure Agreement (NDA) and proof of funds may be required prior to disclosure of further financial information.
