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Freehold COUNTER NEWS, CONFECTIONERY, TOBACCO slight CONVENIENCE GROCERIES

Price:
Freehold - £315,000
Turnover:
Register to view
Seller Ref:
C7687
Location:

Norfolk

Business Type:

Retail businesses

See Other:
Card shops for sale in Norfolk
Newsagents for sale in Norfolk
Stationers for sale in Norfolk
Post offices for sale in Norfolk
Confectioners for sale in Norfolk
Retail businesses for sale in Norfolk
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : Spacious Sales Shop, approx. 650 sq. ft. sales area, modernised and refurbished to a high standard, approx. 5 years ago. Quality non slip floor, suspended ceiling with concealed lighting, modern adjustable shelving, counter, electronic cash register, greeting card display stand, revolving card display stand, revolving booking display stand, open multi-deck cool display unit (for sandwiches and milk), upright double door drinks display fridge (on loan from Coca Cola), upright single door drinks display fridge (on loan from Lucozade), post office counter with anti-bandit screen (4 positions), etc.

Rear Stockroom, Office, Staff Kitchen plus additional Kitchen and staff w.c.

WE ARE INFORMED the average weekly turnover is currently in the region of £5,000/£5,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence and, indeed with additional opening hours. Wholesale newsbill £300 p.w. Post office salary currently £69,292 p.a. (including commission received in respect of the sale of on line National Lottery Tickets and scratchcards). We understand the draft profit and loss account for year ending 31st March, 2011 showed sales of £251,777 with an overall gross profit of £112,036 (including Sub Post Office salary of £69,293 and rental income from the 2 flats of £12,270).

Uniform Business Rates: £1,145 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS FREEHOLD PROPERTY WITH 3 FLATS, IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS reduced for quick sale offers in excess of £315,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Situated in a parade, excellent trading position, close to the seafront, NORFOLK.
Trading Hours:
Retail Shop:

Monday & Tuesday - 6.30 a.m. - 5.30 p.m.
Wednesday - 6.30 a.m. - 7.30 p.m.
Accommodation:
The owner's private accommodation all in GOOD CONDITION, FULLY CARPETED and with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Lounge
Kitchen with fitted units
Fully tiled bathroom with bath, shower over bath, wash hand basin
Separate w.c.

Second Floor
2 Double Bedrooms

In addition stairs to attic bedroom with ample space for 2 single beds.

Included in the sale are 2 further flats

Flat at 41a private entrance, recently redecorated. Large entry hall to ground floor. Is at present let on a shorthold tenancy and provides a rental income of £120 p.w. (£6,240 p.a).

First floor:
Lounge.
Kitchen.
Bathroom with bath, w.c. & wash hand basin.

Second floor:
2 double bedrooms.

Third floor:
Attic bedroom.


Second flat known as 42a. Rear private entrance. Recently redecorated. This flat is currently let on a shorthold tenancy and provides a rental income of £140 p.w. with effect from April, 2
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