PROFITABLE COUNTER NEWS, CONFECTIONERY, TOBACCO, sight CONVENIENCE GROCERIE
Price:
Leasehold - £59,995
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SINGLE FRONTED SALES SHOP in the region of 300/350 sq. ft. sales area, woodstrip floor, suspended ceiling with concealed lighting. Air conditioning/heating unit. Modern adjustable shelving, counter, electronic cash register, greeting card display, hot drinks machine, Walls 3-tier ice cream deep freeze (owned), 1-4ft open cool display chiller, 1-8ft open cool display chiller unit etc.
Staff cloakroom with w.c. and wash hand basin
First floor stockroom
Second floor additional room (not used at present)
WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 19% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £200 p.w. The business also has Payzone and we understand this provides a further income of between £50/60 p.w. In addition there is Western Union Money Transfer and we understand this provides a further revenue of between £40/£50 p.w. We are further advised that the trading and profit and loss accounts for the period 23rd August, 2009 to the 31st August, 2010 showed sales of £461,697 with a gross profit of £80,104 i.e. 17.35% plus commission of £14,882 providing a total gross profit of £94,986.
We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £9,000 p.a. approx.
EPC Rating: C (61)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,995 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent trading positiion, LEICESTER
Monday - Saturday inclusive - 7 a.m. - 6.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon
Service area at rear for rubbish bins
North Yorkshire
£ 750,000
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