Well fitted SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TO
Price:
Leasehold - £170,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Impressive DOUBLE FRONTED SALES SHOP, in the region of 1,000 sq. ft. sales area, refitted approx. 2 years ago. Laminated strip floor, suspended ceiling. Equipment includes modern adjustable shelving, 2 display gondolas, counter, electric cash register, 1 5m open display unit (mainly used for wines & beers), 1 3.75m open cool display unit (mainly used for dairy produce and milk), 1 2m cool display unit (used for wines), 2 glass-topped chest display deep freezes, 1 double-door drinks display fridge (on loan from Lucozade), ice cream deep freeze (own), modern adjustable shelving, etc.
Stockroom with shelving.
Staff cloakroom with w.c. and wash hand basin.
WE ARE INFORMED averages £12,000 p.w., in our opinion offering further potential to increase in the right hands. Wholesale newsbill £400/£500 p.w. The gross profit, we are informed by the vendor, is in the region of 25/27% approx.
WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 17 years unexpired, at a rental of £14,500 p.a. excl. of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform business rates: £2,800 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION.
PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £170,000 PLUS STOCK AT VALUATION (£35,000/£45,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Situated in a parade, excellent trading position, residential area, WARWICKSHIRE.
THE ACCOMMODATION, situated over the shop, fully double glazed and with full gas fired central heating, comprises:
2 bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin.
Lounge.
Kitchen.
Yard at rear with 2 garages.
UK Non-Specific
£ 800,000
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