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Situated in an Affluent Residential Area
Adjusted Net Profits of Circa £65,000 Year Ended April 2020
Exceptionally Well Fitted with Walk-In Humidor
Viewing is essential here
Retailer of fine cigars, humidors and accessories in London for Sale.
This is an outstanding opportunity to acquire this thriving business which has not only proved itself as covid proof but has actually grown through the pandemic and associated lockdowns by developing its online offering. Annual Turnover £550,000. Situated in an affluent residential area - a better site would be hard to find. A mature, niche business that has been established for over 20 years offering an unrivalled range of fine cigars and accessories, humidors, pipes and pipe tobaccos to a loyal, affluent and cosmopolitan clientele. The business shows adjusted net profits of circa £65,000 for the year ended April 2020 and with profits destined to be substantially higher for the year ending April 2021. The business has no debt other than monthly overheads. This is a rare opportunity and we highly recommend that interested parties take the opportunity to view as early as possible with the present owner wishing to retire. The premises are held on a renewable sub-lease with the freehold owned by the local authority. The premises briefly comprise of a glass fronted retail sales shop which is superbly presented with oak flooring, comfort cooling and heating as well as modern custom made bespoke joinery including display cabinets and a superb climate controlled Walk-In humidor. Stairs at the rear lead to the basement which is similarly well presented with an open plan office with full head height storage room beneath the pavement. To the rear of the basement is a staff kitchen, shower room with WC and fire escape. Stock £38,000. EPC Band C.
For more information about this property, please contact Ernest Wilson, LS27 on +44 113 482 9940 * (local rate)
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