For Sale
Repairs/Key Cutting Business in Shopping Centre Location
Welwyn Garden City, Hertfordshire
- Asking Price: £54,999 +SAV
-
Turnover:
Repairs Plus generated an advised turnover of circa £126,604 as of the 2016 accounts, with a gross profit of £84,342 and a net profit of £37,397.
Please quote reference 14773
- Tenure: Leasehold
Please quote reference 14773
CoGoGo welcomes to the market Repairs Plus, which was established by our client in 1992, our client is now looking forward to a well earned retirement.
The business offers a popular key cutting service, shoe repairs, engraving and also sells accessories.
This is a fantastic opportunity for someone to purchase a profitable business in a high footfall area surrounded by many large chains and the towns train station.
There is scope for development by creating a web site and a social media page.
CoGoGo highly advise early viewing to avoid disappointment.
The business is run and managed by our client, However, the business could benefit from a member of staff.
Monday - Saturday: 9am – 6pm
Sunday: Closed
The shop could be open on a Sunday to increase the turnover
Repairs Plus is located in Welwyn Garden City, Hertfordshire, in the Howard Shopping Centre opposite the entrance to the Welwyn Garden City train station and very close to the main pedestrian entrance to the car park.
Due to its prime trading location Repairs Plus has a high footfall of new and repeat customers.
The shopping centre has a multi storey car park and there is one hour free parking in the local area also.
The premises is open to the main shopping centre with a shuttered front.
The main counter area has displays for shoe accessories including:-
Laces
Polishes
Inner soles etc.
There are further displays for watches and batteries
Watch straps
Lighters
Sun glasses etc.
Behind the counter are numerous hooks for keys, shoe stands, plus
Numerous key cutting machines
Shoe repair machines
Buffers
Engravers.
Off this area is the small storage are with kitchen facilities.
Tenure
We are advised the business is being sold as a leasehold business opportunity.
With a 15 year lease from October 2016 and an annual rent of £16,500.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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