Profitable NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, ICES,
Price:
Leasehold - £95,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : DOUBLE FRONTED SALES SHOP occupying a corner position. Approx 300 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting and fully equipped including counter, 2 electric cash registers, ice cream deep freeze (owned), 1 small deep freeze (mainly used for ice lollies), 1 upright double door glass fronted drinks display fridge (owned and used for wines and beers), 2 additional upright double door drinks display fridges (1 on loan from Coca Cola whilst the other is on loan from Lucozade), 4 greeting card display spinners (on loan), 1 greeting card display stand etc.
Office/Storeroom
Staff cloakroom with w.c. and wash hand basin
In addition there is a basement stockroom
WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase, especially with additional opening hours. Wholesale newsbill £1,200 p.w. Gross profit 24% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £120 p.w. The business also has Paypoint and we understandthis provides a further commission of £25 p.w.
We understand the premises are held on a secure renewable lease, the present lease having approximately 27 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £1,200 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £95,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated end of parade, town centre and close to a large park, SUFFOLK
Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 2.30 p.m.
The accommodation in the form of a SELF CONTAINED FLAT over with NIGHT STORAGE HEATERS is at present let on a shorthold tenancy and provides a rental income of £425 per calendar month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
2 Bedrooms (1 double, 1 large single)
Shower room with shower, w.c. and wash hand basin
Lounge with kitchen area
North Yorkshire
£ 750,000
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