Business Summary

LOCATION
The shop is located in a parade of shops in an affluent area close to Tunbridge Wells.

BUSINESS
The shop sells a complete range of adult goods including DVD’s / videos, magazines, clothing and toys. Sales for the year to August 2011 were £68,520 producing a gross profit of £51,390 and a net profit of £12,341. The shop is currently run entirely by staff and an owner-operator would expect to save approximately £18,000 - producing a disposable net profit in excess of £30,000.

PREMISES
Shop - internal width of 10’3’’ (3.1m) 23’0’’ (7m).

Further Sales Area - about 9’9’’ by 9’9’’ (3m by 3m)

Staff WC.

HOURS
Monday to Saturday - 9.00 am to 8.00 pm.
Sunday - 10.00 am to 4.00 pm.

STAFF
The business is currently run by staff with one full time manager and a part time shop assistant.

TENURE
We are informed that there is five years remaining on the lease (as of February 2012) at a basic rent of £8,000. Potential purchasers should ask their solicitor to verify this.

RATES
2011/12: Rateable Value is £7,800. We estimate (using the Valuation Office Agency and Business Link websites) that the Rates payable is £996 - assuming that Small Business Relief applies.

PRICE
£20,000 for the business as a going concern to include the leasehold premises, goodwill, fixtures and equipment (subject to inventory).

STOCK
To be purchased separately at valuation upon completion (estimated current value of £15,000).

VAT: Under the Finance Act 1989 VAT may be charged on rent or purchase prices. It is recommended that prospective tenants/purchasers make their own enquiries to establish any liability prior to entering into an agreement.

FINANCE
Mortgages and loans arranged, subject to status. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Property Details