Sports Shop for sale in Dover

Dover, Kent


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, excellent trading position, KENT

WE ARE INFORMED the turnover is in the region of £100,000 p.a. net of VAT, in our opinion offering tremendous potental for further development in the right hands. We are further advised that the gross profit is in the region of 35%.

We understand the landlord, subject to satisfactory references, will grant a new 10 years full repairing and insuring lease in respect of the entire premises at a rental of approximately £12,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter. (As will be appreciated with the current rental income from the 3 bedrooms of £10,800 p.a. exclusive of rates, the net rental payable at the present time is only £1,200 p.a. exclusive of rates).

Uniform Business Rates we understand currently £300 p.a. (after small business relief).

RETIREMENT SALE

RECOMMENDED FOR EARLY INSPECTION

The SPACIOUS living accommodation comprises:

First Floor
Kitchen
Lounge
Office plus double bedroom

Second Floor
3 additional double bedrooms
Bathroom with bath, w.c. & wash hand basin

The top 3 bedrooms are currently let & provide a rental income of £300 per month, however, we understand that vacant possession can be given on completion, if required.

Monday - 6.15 a.m. - 6 p.m.
Tuesday - 6.15 a.m. - 1 p.m.
Wednesday - Saturday inclusive - 6.15 a.m. - 6 p.m.
Sunday opening - 6.15 a.m. - 12 noon

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£100,000 approx. at cost)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £40,000
Tenure : Leasehold
Status: Available
Sectors:
Fishing Tackle Shops
Sports Shops
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