Advert Ref: 6068M
Service Industry Business In East Sussex For Sale
Price Reduced
- Asking price:
- £110,000
- Turnover:
- Undisclosed
- Net profit:
- £70,000
- Location:
- East Sussex, United Kingdom
- Years established:
- Over 20 years
- Employees:
- Husband & wife team plus 1 full time fitter/technician
Description:
Specialising in Sales /Service & Repairs of Vacuum Cleaner & Accessories
Run by present family for the past 20 years. Situated in thickly populated area. Large Retail Shop, Office & Customer Service Point. Run by husband & wife team resulting in a Net Profit of some £70,000 per annum. New 16 years lease available.
Ref: 6068M
Property Information
- Property:
- Leasehold
- Lease terms:
- New 16 years full repairing & insuring lease with upward only rent reviews every 4 years. Commencing rent of £12,000 per annum, exclusive.
- Location:
- Situated in a thickly populated residential area of ths coastal city occupying a high profile position.
Other Information
- Expansion potential:
- Commercial Service & Repairs could be expanded to the hotel/pub/restaurants etc. Approximately 50% of the turnover is derived from sales 40% is new models and 10% second hand.
- Support & training:
- If required after exchange of contracts. A prospective purchaser will require working knowledge of electrics & domestic appliances.
- Reasons for selling:
- Retirement sale
- Trading hours:
- 9am to 5.30pm - 6 day week
- Fixtures value:
- Undisclosed
- Stock value:
- Undisclosed
- Related documents:
-
Document
Contact:
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