Taking £5,500 per week plus Commissions
Consistent Trading History
Includes 3 Bedroom Accommodation
Leasehold Price £69,950
Description and Trade:
A modern well-fitted store situated in a local parade of shops in a residential area. The business has the benefit of a wide forecourt and unrestricted roadside parking for customers.
The trade is that of general groceries, news and off licence products etc. It is also a National Lottery outlet.
The attractively presented Sales Area (10.5m x 5.5m) has a suspended ceiling, fitted wall and double sided gondola shelving, and news display racking. Fixtures and fittings include: chilled drinks cabinets, dairy products cabinet, ice cream freezer, greetings cards display unit, and checkout counter with cash machine and EPOS system. There is a Cash Machine installed.
Leading to a Kitchen, a Stock Room, and w.c. There is also a Garage.
Accommodation (not inspected by the agent):
We are informed that the self-contained accommodation comprises: Lounge; Kitchen; three Bedrooms; Bathroom.
The accommodation is let and producing rental income of £420 per month.
A desirable business in a good trading location. Potential exists to increase sales and profits by extending opening hours into the evenings and extending the range of Beers, Wines and Spirits offered for sale, as this side of the business is not being fully utilised.
Our Client Informs Us That:
Takings and Profitability:
Retail takings are around £5,500 per week.
Trading accounts for the year ended November 2012 show net Sales £234,264, and Gross Profits £48,505 (20.7%)
Additional Commission Income of £10,880 boosted Gross Profits to £59,385.
The weekly newsbill is £550, all counter trade.
Monday to Friday: 6.30am – 8.00pm
Saturdat: 7.00am – 7.30pm
Sunday: 8.00am – 1.00pm
The Business is operated by family members.
The Premises are held on a lease till 2024. Present rent payable is £8,220 per annum for the business and accommodation.
£69,950 plus stock at valuation for the lease, business, fixtures and fittings.
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