RETIREMENT SALE - CONVENIENCE STORE / FULL FREE OFF LICENCE - BUSY ROAD - W

Price:

Leasehold - £60,000

Turnover:

Seller Ref:

C.6741

Location:

Berkshire, Busy main road, Reading

Business Type:

Retail businesses

See Other:

Convenience stores for sale in Berkshire
Newsagents for sale in Berkshire
Off licences for sale in Berkshire
Sweet shops for sale in Berkshire
Retail businesses for sale in Berkshire

Description:

THE BUSINESS:

Smart Well Established Convenience Store / Off Licence / Newspaper / Magazines / Sweets / Cigarettes / Minerals / Video Film Hire / Paypoint / ATM Cash Terminal.

Double Unit Parade Premises - Spacious Shop (approx 1,175sq.ft. - 109m2, fully fitted on self-service lines). Preparation area with walk-in coldroom. Office / Restroom. Large Warehouse / Store (approx. 460sq.ft. - 42.50m2). Covered Yard. Rear access for ease of stock deliveries.

We are advised that Takings currently average around £6,500 weekly in addition to which there are gross receipts from Paypoint which has a throughput of £3,000-£4,000 per week. All counter sales. Good ratios of profit. Books and Accounts available for inspection.

The concern is old established and has been in the present ownership for the past 24 years, now for sale as vendor wishes to semi-retire.

Price required for goodwill, lease, tenants fittings, fixtures, utensils and equipment:- £60,000 STOCK EXTRA AT VALUATION - CIRCA £20,000-£25,000

Location Details:

Situated in a busy parade of shops serving a well populated surrounding area on a main road in the Berkshire Thameside Town of Reading.

Lease Terms:

The Premises are held on lease, we are advised, having about 5 years unexpired at a current rent £24,000 per annum subject to 5 year reviews (current review under discussion). NB. The rent includes two Self Contained One Bedroom Flats which are currently sub-let on Assured Shorthold Tenancy Agreements at £600 per month each, i.e. £14,400 per annum thus the net rent for the Lock Up Shop Unit is reduced to around £10,000 per annum.

Trading Hours:

8.00a.m. to 9.00p.m. weekdays. 9.00a.m. to 6.00p.m. on Sundays.

Accommodation:

Private Entrance to Two Self Contained Flats above each comprising:- Living Room. Kitchen. Double Bedroom. Bathroom. Each are let on an Assured Shorthold Tenancy at a rent of £600 per calendar month, i.e. £14,400 per annum gross.