Superbly fitted SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY
Price:
Leasehold - £225,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : IMPRESSIVE & SPACIOUS SINGLE FRONTED SALES SHOP approx. 950/1,000 sq. ft. sales area, all newly fitted approx. 2 years ago at considerable expense. Suspended ceiling with concealed lighting, ceramic tiled floor and well equipped including 5 greeting card display stands with drawers under plus 2 small card display stands with drawers under, 2-3.75m open cool display units (1 used for wines and beers whilst the other is used for milk and dairy products), centre display gondolas, counter with EPOS scanning system and 2 tills, 1-2m open cool display unit (used for soft drinks), 1 3-tier ice cream deep freeze, magazine display shelving, 1 large glass sliding topped chest display deep freeze etc.
Rear stockroom
Mezzanine floor
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £16,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £200 p.w. The business also has bus passes/Oyster and we understand this provides a further commission of approx. £50 p.w. The business also has Paypoint and we understand this provides a further revenue of approx. £40 p.w.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 5 years unexpired at a rental of £22,000 p.a. exclusive of rates, due for rent review at the present time.
Uniform Business Rates: £7,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION (£40,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent High Street trading position, sought after town ESSEX
UK Non-Specific
£ 800,000
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