 | Music School & Music Retail Business For Sale Swansea, South Wales, United Kingdom Advert ref: MS 370 FINANCIAL DETAILS | Asking price: £39,950 Sales revenue: £110,000 Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | This well established music business operates as a music school with the benefit of musical instruments and sheet music retail. The vendor also carries out repairs to stringed instruments that are sent from around the UK and he and is prepared to teach the purchaser this side of the business if required.
The business is operated by the husband and wife vendors with an independent music teacher operating the music school.
The business also trades on the internet via a website..
The business can demonstrate a very good gross profit with low overheads
Premises:
A very well presented ground floor lock-up extended premises
The premises consist of a main retail area of approx. 350 sq ft with a tiled floor and a suspended ceiling. The sales are is fully fitted out with the necessary shelving and racking and has a glass counter with till. There is a front access door and a display window.
To the rear of the shop is a further room (used for the music school) of approx.205 sq ft with side door external access. There is a large storeroom and a staff toilet.
The property has the benefit of full window and door shutters and the property is alarmed.
The premises are double glazed and in good decorative order throughout.
Outside: To the front of the property there is an off road parking area with further off road parking to the rear of the property. The road outside has unrestricted parking.
Accommodation: It may be possible to rent the 1 bed flat above the shop for additional rent. The flat is presently let on a short term lease.
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GENERAL INFORMATION | Property: Leasehold
Lease terms
Leasehold term to be agreed
Rent: £7,500 per year
Rates: £TBA per year
Living accomodation
: It may be possible to rent the 1 bed flat above the shop for additional rent. The flat is presently let on a short term lease.
Location
The property is well located occupying a corner plot in a popular residential area with good access to the city and M4 motorway and very close to a major retail park.
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The Business Partnership - South Wales | | | |
