Old established SELF SERVICE CONVENIENCE STORE, FRUIT & GREENS
Price:
Leasehold - £165,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : This old established business has been in the same hands for the past 26 years and is situated in a densely populated residential area approx. ½ mile from the City Centre.
It should be stressed that it caters for an extensive residential area selling English, Asian, Chinese, African and Caribbean foods. At present the premises are not licensed for the sale of wines, beers and spirits, however, in our opinion the premises would benefit from obtaining such a licence in order that alcohol could also be sold.
SPACIOUS PREMISES providing a total area in the region of 4,800 sq. ft. including storage area. Lino floor, suspended ceiling with fluorescent lighting. Fully equipped including counter, 2 tills with EPOS scanning, 14 glass topped chest deep freezes, 1 open cool display unit, 1 upright double door drinks display fridge (on loan from Coca Cola), 1 upright single door drinks display fridge (on loan from Lucozade), centre display gondola, ice cream deep freeze (owned).
Butchery section at rear with 2 cool display serveover counters, 3 butchers blocks, bansaw, mincer etc.
Extensive storage facilities
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £12,000/£15,000 p.w. 19% Gross Profit 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 off licence.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease for the ground floor only at a rental of £50,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £8,300 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS SELF SERVICE CONVENIENCE STORE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS IN THIS EXCELLENT MAIN ROAD TRADING POSITION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£40,000/£50,000 s.a.v).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Excellent main road trading position, densely populated expanding residential and student area, within approx. 2 minutes walk of a University, STAFFORDSHIRE
Monday - Saturday inclusive - 9 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.
North Yorkshire
£ 750,000
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