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Long established CONVENIENCE STORE WITH OFF LICENCE (NOT UTILISED AT PRESEN

Price:
Leasehold - £79,950
Turnover:
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Seller Ref:
G6139
Location:

West Midlands

Business Type:

Retail businesses

See Other:
Confectioners for sale in West Midlands
General stores for sale in West Midlands
Convenience stores for sale in West Midlands
Off licences for sale in West Midlands
Supermarkets for sale in West Midlands
Retail businesses for sale in West Midlands
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SUMMARY:

• PRICE (LEASEHOLD) £89,950
• SIZE 29.4(M²) / 316.5(Ft²)

• NEWSBILL £300p.w.

• GROSS PROFIT 25%
• TURNOVER £8,500p.w.


DESCRIPTION:

DOUBLE FRONTED WITH SHUTTERS, suspended ceiling with fluorescent lighting, sales counter, vinyl floor, open cool display unit (1.25 metres), cash register, fridge, 2x freezer, shelving (modern adjustable), CCTV system (6 cameras, 1 monitor & harddisk recorder 16 channels)

• Stock room / Store room.
• Toilet with w.c. and wash hand basin. (Staff).
• Small Kitchen

We have not had sight of the account but WE ARE INFORMED by the vendor :

• Turnover averages £8,500 p.w.
• Gross profit 25% approx.
• Wholesale newsbill £300 p.w.

COMMISSIONS RECEIVED : (in addition)
• PayZone £20 p.w.


We have not had sight of the lease but WE UNDERSTAND FROM THE VENDOR that the premises are held on a SECURE RENEWABLE lease from the private landlord:

• Lease granted for 15 years in 2009
• Reviews every 5 years (next review 2014)
• RENT £6,000 p.a.

THE VENDOR HAS ADVISED THAT:

• BUSINESS RATES from APRIL 2011 payable: £1,200 (Please contact local council to confirm)
• WATER RATES (METERED).

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS
£79,950 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

N.B. The purchaser is to be responsible for the Landlord solicitors costs.
Location Details:
Situated in a Parade, excellent main road trading position, office and commercial area, WEST MIDLANDS
Trading Hours:
7 Day week (Monday - Saturday) 6.30am - 9pm
Sunday 8am - 9pm
Accommodation:
Rear yard
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