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Highly Regarded And Long Established Lighting Business London For Sale

City of London, London
Asking Price:
£175,000
Sales Revenue:
£500K - £1M
Cash Flow:
Available on request

Rare opportunity to acquire a lighting business established 30 years ago by the current vendors. The business has a highly regarded reputation within the Industry not only as retailers, but also offering wholesale as well as being Importers of the best and most unique lighting products on the market. The business deals across the board, from the general public including high profile celebrities to highly acclaimed architects, theatres and builders/ contractors. On a busy main road, the store comprises 4 prominent retail units all interlinked with an abundance of stock room space.
The current lease/s are 12 year lease/s from September 2014. Rent reviews every 4 years. It is a lease with a current rent of approx £50,000.00 per annum. Business rates approx are £23,000.00 per annum.

Property information

Property:

Leasehold

Lease Terms:

The current lease/s are 12 year lease/s from September 2014. Rent reviews every 4 years. It is a lease with a current rent of approx £50,000.00 per annum. Business rates currently are approx £23,000.00 per annum

Leasehold Rent:

£77,490 per annum

Location:

The premises are ideally situated on Turnpike Lane, London, Haringey N8. There are numerous restaurants, shops and businesses lining the road. Close to Turnpike Lane underground and Hornsey station over ground station.

There is plenty of pay and display parking available directly outside the shop and in surrounding roads.

Premises Details:

The spacious showroom premises covers a ground floor area of 4 adjoining shop units.
The store has 4 stock rooms and 2 toilets. Alarmed throughout.

Energy Performance Rating:
C

Business Operation

Competition / Market:

No local competition.

Reasons for selling:

The current vendors / founders are looking to retire, creating an unprecedented opportunity to acquire a remarkable and unique business.

Trading hours:

Tuesday – Saturday
10:00am – 6:00pm

Sunday
11:00am – 4:00pm

Employees:
Family run business. No employees
Years established:
30

Other Information

Support & training:

Vendors are happy to remain for an agreed period to provide a smooth transition if required.

Inventory / Stock value:
£200,000

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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