Profitable NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, GIFTS
Price:
Leasehold - £38,000
Freehold - £215,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Please note this profitiable business is old established and sells news, confectionery, tobacco with a substantial turnover in respect of gifts and greeting cards.
The business has the advantage of having a free Public Car Park opposite.
It should also be noted that opposite is a Tesco Express plus the Co-op within easy walking distance.
IMPRESSIVE SINGLE FRONTED SALES SHOP in the region of 850 sq. ft. sales area. Air conditioned. Carpeted, suspended ceiling with fluorescent lighting and fully equipped including 4 greeting card display stands with drawers, 4 revolving card display spinners, 1 Welsh dresser (used for display), 9 illuminated display cabinets for gifts, counter, EPOS scanning system with 2 tills, slats walls, shelving etc.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £4,600 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,300 p.w. Gross profit 35% approx. The business is also agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a further revenue of approximately £175 p.w. We are further advised that the sales year ending March, 2010 showed £235,241.83 including lottery commission of £6,707.60 with an overall gross profit of £84,023.72.
We understand the premises are held on a secure renewable lease, the present lease having approximately 1 years unexpired at a rental of £9,000 p.a. exclusive of rates. We further understand that the landlord will consider a surrender of the existing lease and the granting of a new 9 years lease at initially approximately the same rent, with rent revisions.
Uniform Business Rates: £1,300 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REDUCED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £38,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £215,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
End of terrace, residential area, STAFFORDSHIRE
The SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £350 per month, however, we understand vacant possesion can be given on completion, if requied. The accommodation comprises:
First Floor
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Ground Floor
Kitchen with fitted units
Rear garden approx. 100ft long with lawn plus parking space.
UK Non-Specific
£ 800,000
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