Price: £21,500 + sav - Under Offer
A charming and profitable one or two person business
Ref: C 916
This delightful business is located in the north western end of Market Place in the picturesque market town of Thirsk in North Yorkshire. It is a very traditional wools and crafts shop selling a vast range of haberdashery and needle craft items and has many regular customers as well as more transient customers who are just passing through. The shop is well stocked and is run by a husband and wife team who are retiring but it could easily be run by one person if required. The business has been established many years and is offered to the market at a very realistic asking price.
ACCOMMODATION ( note, all dimensions are approximate )
Approximately 403 sq.ft. (38 sq.m.) Fitted with a good range of traditional purpose made wooden wool display units, tapestries pattern dispenser, threads display unit, timber counter with drawers beneath, cash register.
With microwave oven, low level w.c. off.
Providing useful storage between deliveries and display.
The premises are shown on the Valuation Office Rating web site as having a RV of £7,000. Under current arrangements for small businesses, no rates should be payable however interested parties should check this information prior to proceeding.
We understand that the landlord is prepared to grant a new Lease for a term to be agreed. The current rent payable is £6,800 p.a.
Accounts for Year Ended 31st March, 2017 show sales of £56,238. We calculate that the Adjusted Net Profit will be in the region of £15,000. Our client informs us that sales up to 31st March, 2018 should be very similar or possibly slightly higher, however the latest accounts are awaited. Our clients have not employed web based marketing so clearly there is huge potential to increase sale via this method. Current opening hours are Monday to Saturday 9.00am to 4.30 pm.
The EPC is currently under assessment.
The purchaser will be required to pay a contribution of £450 + vat towards the vendors legal costs involved in the transaction. A contribution may be required towards the landlords costs of preparing the new lease.
Around £21,500 + SAV.
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease