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9024NG ELECTRICAL & GIFT SHOP F/H £262,000+SAV

Asking Price: GBP 262000
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Business Location: United Kingdom » Nottingham » NOTTINGHAM 
Category: Retail » TV, Audio, Video & Photographic
Description:
Advent Business Sales are pleased to offer to the market this extremely well established electrical and gift ware shop, which has been trading successfully for the past 35 years.

The current vendor has been in constant ownership from the beginning. The owner is reluctantly selling due to ill health in the family.

The original business started by our client was that of television and video repair and servicing. As this business declined, our client looked round for another trading opportunity. This eventually led to the shops offer as it is today, notably small domestic appliances, everyday tools, watches, gifts and lighting as well as clocks and personal radios, appliance interfaces and associated products.

The shop is sole agent for the prestigious ‘Betty Boop’ figurines.

The shop is generally of good décor and displays its sales products exceptionally well, maximising space to the best usage.

The size of the retail establishment is some 500 sq ft with a gross frontage of 14’ x 4’.

We are advised that stock at cost is approximately £25,000.

Two full time employees staff the business,

There is permission to revamp the site or to join the rear of the shop to the old repair workshop, making an extension to the sales area. This would more than double the display area. There is no doubt that this is a shop with a niche market in the area and would be ideally suited to a younger couple.
REF: 9024NG

TRADING HOURS
Mon-Sat: 9am – 5.30pm
BUSINESS PREMISES
The property is two storey semi detached and briefly consists of:
Ground Floor
• Double fronted door to centre
• Left hand side of shop is shelved and has glass cased displays
• Counter at back of shop
• To the rear is the office, storeroom and kitchen and a door to the yard
• To left of yard is a staff w/c and rear stock room measuring 117 sq ft
• Old tv repair workshop which is 739 sq ft
• Side passage leading to an outside stairway to the first floor
• Lighting stock room under these stairs
First Floor
• Large studio flat with separate kitchen and bathroom. This is well decorated and fitted out and could be moved into immediately

External
• Car parking for 2 cards at front – deeply paved to the roadway
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
90000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: Our client is conveniently located approximately 3 miles north west of Nottingham city centre. The premises are situated on a thriving local shopping parade, made up of a number of local and regional retailers such as the Co-Op convenience store, Bathtime, Chinese takeaway, bakers, Bargain Booze and an estate agent to mention a few. Nottingham itself is one of the three major cities that make up the East Midlands. It is well connected to the capital by both direct rail link and also the M1 mo
Year Established: 1973
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 2 FULL TIME EMPLOYEES
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