The business has been in the same hands for the past 27 years & there are genuine reasons for sale.
SINGLE FRONTED SALES SHOP probably in the region of 650 sq. ft. sales area with non-slip floor. Air conditioning/heating unit. Well equipped including counter, 2 tills with scanning system, ice cream deep freezer (owned), 5m open cool display unit (used for wines, beers & soft drinks), 1-2m open cool display unit (used for dairy produce & milk), modern shelving, centre display gondola, 2 greeting card display stands etc.
Stairs to large basement comprsing:
Turnover : £8,500/£9,000 p.w. in our opinion offering further potential to increase, especially with additional evening opening. Wholesale newsbill £600 p.w. Gross profit 15% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £130 p.w. The business also has Paypoint & Payzone we understand provides an additional revenue of £45 p.w. There is also a free to use ATM machine which we understand provides a further revenue of approximately £50 per month. We are further advised that the sales year ending 30th September, 2015 showed sales of £380,578 with an overall gross profit of £57,923 (including commission received of £10,517).
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £385,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Friday inclusive - 6.30 a.m. - 7 p.m.
Saturday opening - 7 a.m. - 7 p.m.
Sunday openg- 8 a.m. - 1 p.m.
Number of Employees:
The business is at present operated by a husband & wife team & no staff are employed.
Tenure: Freehold, Leasehold
Number of bedrooms: 3
The SPACIOUS SELF CONTAINED living accommodtion is at present let on a shorthold tenancy & provides a rental income of £500.00 per month, however we understand that vacant possession can be given on completion, if required. The acommodation with FULL GAS FIRED CENTRAL comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Fitted kitchenSmall yard at rear
Situated in a parade, excellent trading position, NORTHANTS.
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