CONVENIENCE STORE, NEWS, & OFF LICENCE with PAY POINT, BUS PASSES, SCRATCH
Price:
Leasehold - £135,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SUMMARY:
• PRICE (LEASEHOLD) £135,000 s.a.v.
• NEWSBILL £650p.w.
• GROSS PROFIT 22% approx.
• TURNOVER £9,000 p.w.
DESCRIPTION:
Single fronted with electric shutters, medium sized premises, Air conditioned with hot air, industrial non-slip floor, suspended ceiling with fluorescent lighting. Well equipped including sales counter, EPOS scanning system with 2 till (on lease), modern adjustable shelving, CCTV system including 4 cameras, 1 monitor and hard drivwe recorder, 3 x 2 metres open cool display unit, upright glass fronted display fridge, ice cream freezer, deep freeze, greeting card display stand with drawers.
• Stock room / Store room.
• Basement, used for storage purposes.
• Staff cloakroom with w.c. and wash hand basin.
• Staff kitchen area
WE ARE INFORMED by the vendor the turnover averages £9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £650 p.w. Gross profit 22% approx. In addition the following commissions are received:
Paypoint in the region of £70 p.w.
Bus Passes/Oyster Cards in the region of £300/£350 p.w.
On Line National Lottery plus scratch cards commission in the region of £80/£100 p.w.
Western Union commission in the region of £350 per month
As will be appreciated the approximate overall commission is in the region of £550 p.w.
We understand the premises are held on a secure renewable lease from the private landlord for a period of 20 and currently has 14 years unexpired at a rent of £21,000 p.a. next review in 2 years with reviews every 4 years.
Uniform Business Rates: £2,600 p.a. (after small business relief) approx.
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Situated in a Parade, excellent main road trading position, residential, office and commercial area, Essex.
7 Day week (Monday - Saturday) 6 am - 9 pm
Sunday 7 am - 9 pm
Rear yard Parking space for 3 cars.
North Yorkshire
£ 750,000
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