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Well established VILLAGE SELF SERVICE STORES, NEWS, CONFECTIONERY, TOBACCO

Price:
Freehold - £112,950
Turnover:
Register to view
Seller Ref:
G6005
Location:

Cleveland

Business Type:

Retail businesses

See Other:
Post offices for sale in Cleveland
Supermarkets for sale in Cleveland
Confectioners for sale in Cleveland
General stores for sale in Cleveland
Convenience stores for sale in Cleveland
Retail businesses for sale in Cleveland
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SINGLE FRONTED MEDIUM SIZED SALES SHOP approx 57.5 sq m. with lino floor, fluorescent lighting. The equipment includes cool display serveover counter, electric cash register, double door glass fronted display fridge, 1 upright single door drinks display fridge (on loan from Coca Cola), 4 greeting card display stands (3 with drawers under plus 1 with gift wrapping paper section), shelving. Post Office counter etc.

It will be appreciated upon inspection that the shop would benefit from being re decorated

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £750 p.w. Gross profit 20% approx. Post Office salary £22,500 p.a. approx. (including lottery commission).

Uniform Business Rates: Nil payable after full relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £112,950 plus STOCK AT VALUATION (£10,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Situated in a terrace, coastal position, CLEVELAND
Trading Hours:
Monday - Friday inclusive - 6 a.m. - 5.30 p.m.
Closing for lunch from 12.30 p.m. - 1.30 p.m.
O
Accommodation:
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £65 per week, however, we understand that vacant possession can be given on completion. The accommodation comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge with fitted kitchen area

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