Well established NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES, FULL
Price:
Leasehold - £79,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : DOUBLE FRONTED SALES SHOP probably in the region of 300 sq. ft. sales area. Ceramic tiled floor, suspended ceiling with concealed lighting and well equipped including modern counter, till with scanning system, 2 single door upright glass fronted display fridges, 1 double door glass fronted display fridge, ice cream deep freeze (owned), modern shelving, centre display gondola etc.
Staff cloakroom with w.c.
Basement used for storage purposes
WE ARE INFORMED the turnover averages £8,000/£8,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £200 p.w. Gross profit 22% approx. In addition the business has Oyster and we understand this provides a further revenue of approximately £80 p.w. The business also has Paypoint and we understand this provides a further commission of approximately £70 p.w.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 11 years unexpired at a rental of £15,500 p.a. exclusive of rates for the next 2 years. We are further advised that the rent reviews are every 3 years.
Uniform Business Rates: £1,400 p.a. approx. (should be reduced with small business relief)
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Occupying a corner position, main road, residential and commercial area, close to town centre, SURREY
Sunday - 8 a.m. - 9 p.m.
Monday - Thursday inclusive - 7 a.m. - 10 p.m.
Friday & Saturday - 7
The SELF CONTAINED accommodation is at present let on a shorthold tenancy and provides a rental income of £800 per month, however, we understand that vacant possesion can be given on completion, if required. The accommodation comprises:
GROUND FLOOR
Kitchen
Bathroom with bath, w.c. and wash hand basin
FIRST FLOOR
2 Bedrooms (1 double, 1 single)
Lounge
Small yard at rear
North Yorkshire
£ 750,000
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