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High Quality Gift Shop In Affluent Buckinghamshire Town For Sale

Buckinghamshire, UK
Asking Price:
£99,500
Turnover:
£73,545
Net Profit:
Available on request

High quality Gift Shop in heart of affluent and historic Buckinghamshire market town. Net sales £73,545 per annum generating a very high gross profit margin of 85%. Ideally suited to a sole proprietor. Superb selection of hand-made individual artisan gifts from various European countries. Attractive Grade II listed retail premises include lock-up retail area (447 ft.²) plus kitchenette and storeroom. Leasehold @ £26,000 per annum rental. -.-.-.-. £99,500 -.-.-. Ref: DC8687

Key features:
- Good trading position in the heart of n historic and affluent Buckinghamshire market town.
- Super selection of high quality hand-made individual artisan gifts from various European countries.
- Easily run by sole proprietor with part-time staff.
- Attractive Grade II Listed retail premises - believed to date back to 17th Century.
- Ground floor lock-up retail unit with twin aspect sales shop 447ft². Kitchenette 23ft². Storeroom 66ft². Rear lobby leading to toilet.
- Leasehold @ £26,000 per annum rental

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on lease for a period of 8 years from 19 th May 2017 at a rent of £26,000 per annum, exclusive of rates, subject to a mid-term rent review. The lease is held on effective fully repairing and insuring terms.

Subject to the status of the assignee, the landlord may request a rent deposit equivalent to 3 or 6 months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Busy location in this desirable town

Premises Details:

Very attractive Grade II listed premises briefly comprise ground floor lock-up retail unit with twin aspect sales shop approximating 447 sq. ft. There is also akitchenette 23 sq. ft., storeroom 66 sq. ft. and rear lobby leading to a toilet.

Size in square feet:
592

Business Operation

Reasons for selling:

Owner's retiring.

Years established:
6