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Asking Price
£45k
Description
Established eight years ago by the current owners who have steadily built it into a thriving and profitable business that is well known and respected in the surrounding area. Although they sell haberdashery and educational toys, the majority of the sales, and the most profitable area, is supplying uniforms for six surrounding schools. Attractive and well stocked, single fronted, lock up shop, situated in a popular shopping arcade. There is the possibility of utilising the cellar in the future to double the size of the unit to 52sqM. The arcade is locked at night making it very secure. It also benefits from shared parking, toilet facilities and a loading bay. The vendor informs us, that the lease runs for 15 years from September 2003. Reviewed every 3 years. Current rent £5680 p.a. There is a service charge of £380 per þ and insurance of £100 p.a. Business rates are £1125 p.a. The owners are in discussion with another six local schools, with a view to supplying uniforms, which would provide access to in excess of 2,000 extra children and the incremental sales would significantly enhance the business. Also the very real possibility of supplying several other local organisations has yet to be explored.
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