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Glassware Jewelry & Gift Shop
Location: Cyprus -> Paphos
Industry: Retail > Other Retail




Business Summary

This business has the benefit of being located in the semi- pedestrian area adjacent to the sea front. There is a cafe opposite which gives an additional captive audience for the business. This Double fronted shop unit. (approx. 12 m x 10.2 m) is an enclosed premises with Front & back doors and an additional Covered area at front of shop approx. 6.8 m x 3.2 m. for exterior display. There is Private parking at rear of shop. There is potential for the right person to expand the business. The exact location is the Main tourist area / sea front. Poseidonos Avenue, Kato Paphos.

Tenure: The shop for sale is Rented on a 10 year lease agreement, renewable every 10 years. The landlord is happy to renew the lease. Current lease expires on 28th Feb 2014.

Fixtures & Fittings: Fixtures and fittings are to be sold as part of the business. These include all display cabinets and units, which are of a high standard and in good order.

Facilities: There is a Fully shelved storage room, approx. size 3.2m x 1.2m.

Trading licenses: Certificate from Cyprus Assay Office Jewellers register to sell silver & gold until 10/03/09. This is renewable at a cost of or €51.26. (C£ 30.00)

Reason for Sale: The business is being sold due to ill health

Stock: As quoted in selling price*

Stock will be sold at cost within the overall asking price as stated in the selling price section. N.B. All quoted sizes are approximate.
** All quoted figures use the Cyprus Government fixed Euro rate against the old Cyprus pound.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $141,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $39,650
Seller Financing:  No

About The Business

Year Established:  2002
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Poor health.

Photos

View Larger Photo(s) Of Business
Glassware Jewelry & Gift Shop Photo 1 Glassware Jewelry & Gift Shop Photo 2




Print Listing Id: 70094839
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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