SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, FULL FREE OFF LICENCE
Price:
Leasehold - £69,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SINGLE FRONTED MEDIUM SIZED SALES SHOP with lino floor, fluorescent lighting and fully equipped including 2 glass topped deep freezes, 5m open cool display unit plus 1-2m open cool display unit, additional open cool display unit (on loan from Coca Cola), modern shelving, counter, electric cash register etc.
Stockroom
Staff w.c. and wash hand basin
Kitchen area
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £100 p.w. Gross profit we are advised in the region of 25% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £15,600 p.a. exclusive of rates. We are further advised by the vendor that there are no rent reviews and the rent is fixed until the end of the present lease.
Uniform Business Rates: £4,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, residential and commercial area, ESSEX
6 a.m. - 12 midnight seven days per week
The accommodation in the form of a GROUND FLOOR SELF CONTAINED FLAT, we understand is at present let and provides a rental income of £300 per month. The accommodation comprises:
1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Kitchen
North Yorkshire
£ 750,000
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