 | Pawnbroker Second Hand Dealer. South Wales, United Kingdom Advert ref: UPB.0.75.W Business description
This well established Lock-up shop un-opposed in the town trades as a traditional pawnbroker & money lender & also as a second hand dealer in all items along with house clearnces
Years established: 4 years
Employees: The vendor his wife, 2 full time employees & casual labour as required.
Trading hours: Monday - Saturday 9:00 - 18:00
Property: Leasehold
Lease terms
The property is held on the balance of a 4 year lease from 2004 with a new 10 year lease available. We understand that the landlord is prepared to sell the freehold at market value during the second lease period. The current rental payable is £500 per month
Living accomodation
The upper floor presently used as a display area & office could be converted back into a i bedroom flat, the bathroom & kitchen are still in place.
Location
An extended, 2 storey mid-terraced property on a busy main road close to the centre of this densely populated town in S. W. Wales.
Competition / Market
Un-opposed in the town.
Support & training
The vendor is offering 1 month full time training after completion
Reasons for selling
to concentrate on other business interests abroad
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| | Financial details Asking price: £175,000
Sales revenue: £274,000
Net profit: £100k < 250k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: £50,000 |
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