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Well fitted FULL FREE OFF LICENCE plus SELF SERVICE CONVENIENCE STORE

Price:
Leasehold - £99,500
Turnover:
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Seller Ref:
C7311
Location:

Essex

Business Type:

Retail businesses

See Other:
Confectioners for sale in Essex
Supermarkets for sale in Essex
General stores for sale in Essex
Convenience stores for sale in Essex
Off licences for sale in Essex
Retail businesses for sale in Essex
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SPACIOUS SINGLE FRONTED SALES SHOP approx. 500 sq. ft. sales area with suspended ceiling, air conditioning. Attractive wooden shelving, 2 single door drinks display fridge, 4 meter open cool display unit, counter, electronic cash register, ice cream deep freeze (owned), photocopier (on loan) etc.

Large basement used for storage purposes

Staff toilet and wash hand basin

WE ARE INFORMED the turnover is £8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. The business enjoys an excellent sale of wines, beers and spirits. Gross profit 22% approx. There is also a cash machine on the premises, recently installed, which should provide additional commission. In addition the business has an Oyster machine and we understand this provides a commission of approx. £50 p.w. The business also has Paypoint and we are advised that the commission from these is approx. £100 p.w.

We understand the premises are held on a secure renewable lease having approximately 8½ years unexpired at a rental of £6,500 p.a. exclusive of rates for the next 2½ years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £1,000 p.a. approx. (after small business relief) + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£30,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Situated in a parade, excellent busy main road trading position, densely populated residential and commerical area, ESSEX
Trading Hours:
9 a.m. - 11.30 p.m. seven days per week
Accommodation:
Parking at rear for approx. 4 cars.
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