Annual Income of £632,000 (Lettings/Management £525,000 and Sales £47,000, Maintenance/EICR, etc £60,000). The business has been established for over 20 years and is now staff run and has built a superb reputation under one of the UK’s most successful and highly respected franchise companies. Accounts for year end 31 July 2022 show a profit of £272,948 including directors salaries on an income of £572,070, with significant potential to grow their market share further, if run by a hands-on working owner, profitability and income could increase further.
- Freehold Price:
- £1,265,000
- Leasehold:
- £750,000
- Turnover:
- £632,000
- Net Profit:
- £272,000
Property Information
- Property:
-
Available as freehold and leasehold
- Lease Terms:
-
New Lease to be granted 15 Years, an annual rent of £25,000 & 5 Yearly Reviews.
- Leasehold Rent:
-
£25,000 per annum
- Location:
-
The unit is located in an excellent position near a TFL tube station. Busy suburb with heavy pedestrian and car traffic.
- Premises Details:
-
Ground floor lock-up retail premises.
Business Operation
- Reasons for selling:
-
Retirement
- Years established:
- 20+ Years
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
TBC
Other Information
- Leasehold asking price:
- £750,000
