MODERN MAINLY COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATION
Price:
Leasehold - £70,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 900 sq. ft. sales area with carpet tiled floor, suspended ceiling with lighting. Counter, 2 electronic cash registers, shelving, Walls ice cream deep freeze (owned), 1 upright double door glass fronted drinks display fridge (on loan from Coca Cola), open cool display unit (on loan from Lucozade) etc.
It will be appreciated upon inspection that the shop could benefit from some refurbishment and refitting.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,100 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £200 p.w. The business also has Oyster and we understand this provides a commission of approximately £150 p.w. In addition there is Paypoint and we are advised that this provides a further revenue of approximately £40 p.w.
We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of £16,500 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £5,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade of shops, excellent main road trading position,KENT.
Monday - Saturday inclusive - 6.30 a.m. - 6.30 p.m.
Sunday opening - 9 a.m. - 2 p.m.
Service area at rear with parking space for 1 car
North Yorkshire
£ 750,000
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