Business description

Liverpool

Retail, Trade And Industry

2008 Sales £465,634

Website

Semi Retirement Sale

Established 1984

Leasehold

Business History:
The business was established in 1984 and has traded successfully. The owner is now seeking semi retirement and will consider a handover period.

Business Profile:
Electrical wholesalers and retailers together with internet sales. The business prides itself upon its reputation for value, quality and service supplying wiring accessories, aerials, security products, appliances, lighting and other fitments to a variety of businesses and trades and also supplying to various retail outlets mainly within the Merseyside area. The vendor advises that the retail web shopping site has experienced increasing sales across the UK month on month.

Shop Unit:
This comprises a screened shop area with wall cladding, display cabinets and modern suspended ceiling with fluorescent lighting together with additional storage areas with racking.

Kitchen:
Tiled and concrete flooring, base unit, stainless steel sink and drainer with work top. Wall mounted boiler.

Toilet:
W.C. Included in the overall premises measurements above.

Outside:
The premises benefit from an inset entrance with the frontage protected by roller shutters. The rear side door is also protected by roller shutters as is a rear bin area.

Staffing:
Five full time including one owner and a salesman / representative. Four part time staff.

Fixtures & Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Freehold

Lease terms:

Financial Profile:
The vendors have accounts for the year ended 31st August 2008 showing sales of £465,634. The vendors will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
The owners are prepared to negotiate a new lease at a rent of £25,000 per annum. A buyer must arrange for their solicitor to examine any proposed lease documentation.

Uniform Business Rates:
Rateable value: £8,800. Rates Payable 2009/10: £4,232.80p. Small Business Rate Relief may be claimable upon application.

Price:
£215,000 for the goodwill, fixtures and fitting plus sav.

Location:

Location:
The business is located in an area of Mossley Hill which has a number of different shops together with a pub and restaurants. There is a Tesco Express nearby. The Rose of Mossley public house is located opposite the premises and the business is also located a short distance from Mossley Hill railway station. This is a good residential area of Liverpool.

Other information

Trading hours:

Opening Hours:
8.30am - 5:00pm Monday to Friday. 8:30am - 12:00 midday Saturday. Closed Sunday.