Well established FREEHOLD SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CON
Price:
Freehold - £395,000
Leasehold - £135,000
Location:
Gloucestershire
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a Freehold unopposed Self Service Convenience Store with Full Free Off Licence in this sought after Cotswold locality.
NO PARKING RESTRICTIONS
SPACIOUS SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor plus partly carpeted, fluorescent lighting. Air conditioning unit. Well equipped including cigarette gantry (on loan), counter, electronic cash register, modern adjustable shelving, 3 glass topped chest display deep freezes, 3 upright glass fronted double door display fridges plus 1 upright single door glass fronted display fridge, 1 greeting card display stand, microwave oven, coffee machine. CCTV system with 6 cameras, monitor plus recording.
Stockroom
It will be appreciated upon inspection that there is potential to extend the shop at rear if desired.
We further understand from the vendor that planning permissions has been granted to build a 1 bedroom flat over the shop, if desired.
WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 24% 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 approximately £100 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £120 p.w. The business also has an ATM machine (on loan) which we understand provides a commission of approximately £150 per month.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £23,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates only £280 p.a. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a sought after and large residential area, GLOUCESTERSHIRE
Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 1 p.m.
The accommodation, adjoining the shop, all in VERY GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:
Ground floor separate front door entrance
Newly fully fitted kitchen
Living room (newly carpeted) with patio door to rear
First Floor all fully carpeted and comprising:
3 Bedrooms (2 doubles, 1 large single)
Tiled bathroom with bath, shower over bath, wash hand basin
Separate w.c.
To the front of the house is a small gravelled garden area. To the rear is a medium sized paved garden area.
North Yorkshire
£ 750,000
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