Shop for sale

St Johns Street, Bury St Edmunds, IP33

Sold STC £55,000

Property Description

Full description

This well established picture framing business is achieving an excellent turnover and gross profits reflect a 46 week year, and five day week of trading.  The current owner is selling the business due to retirement.


There is tremendous potential to further increase this already lucrative turnover with increased opening hours and a full years trading.


Location:

This picture framing business is situated in a busy trading area close to the centre of this historic market town with a good residential

and commercial catchment area surrounding.


Property Details:

Double fronted window with entrance door into the main shop with various display areas and sales counter.  A workshop is located

to the rear of the building with various cutting jigs.


Trading Hours:

Monday  

Tuesday

Thursday

Friday

Saturday

Closed Wednesday and Sunday.


Turnover:

The current takings are £2022 per week based upon a 46 week year as the current owner closes for 6 weeks due to annual holiday. 

Accounts for 2014-2015 show takings of £75,656 with gross profit of £52,700.  Present turnover shows takings of £93,040 with

gross profit of £66,861.


Additional information:

The current lease has one year to run at £11,000 per annum.. The landlord has confirmed that they are happy to extend the lease.


SERVICES  Mains electricity, gas, water and drainage are connected.  PLEASE NOTE THESE SERVICES HAVE NOT BEEN TESTED.  IMPORTANT NOTICE  THE MENTION OF ANY APPLIANCES AND/OR SERVICES WITHIN THESE SALES PARTICULARS DOES NOT MPLY THEY ARE IN FULL AND EFFICIENT WORKING ORDER.  MISREPRESENTATION ACT 1967.  ELVIN ESTATES for themselves and for the Vendors or Lessors of this property, whose Agents they are, give notice that: a) the particulars are produced in good faith, are set out as a general guide only and do not constitute any part of the contract.  b) no person in the employment of ELVIN ESTATES has any authority to make or give any representation or warranty whatever in relation to this  property. M1/130616

Please note The measurements stated are taken using a sonic measure and are subject to a 5mm variation.


Nearest stations

  • Bury St. Edmunds (0.3 mi)
  • Thurston (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Elvin Estates, Mildenhall

2 Mill Street, Mildenhall, IP28 7DP

01638 816015 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bury St. Edmunds (0.3 mi)
  • Thurston (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Elvin Estates, Mildenhall

2 Mill Street, Mildenhall, IP28 7DP

01638 816015 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference ELV70-t-4823. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elvin Estates, Mildenhall. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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