Profitable well established SELF SERVICE CONVENIENCE STORE, FULL FREE OFF L
Price:
Leasehold - £157,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : The business has been in the same hands for the past 22 years and there are genuine reasons for sale.
SERVICE ROAD IN FRONT OF PARADE (providing customer's car parking limited to 2 hours during the day)
IMPRESSIVE & SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting. 2 air conditioning/heating units. Counter, electronic cash register, 2 glass topped chest display deep freezes, modern adjustable shelving, 1-1m open cool display unit, 1-2.5m open cool display unit, 2 double door glass fronted drinks display fridges (used for soft drinks), 1 upright single door glass fronted display fridge (used for wine), 1 sliding 3-door glass display fridge (used for beers), bake-off oven (on loan) etc.
Ground floor access to rear garden level providing large stockroom with rear access for deliveries.
2 staff cloakrooms each with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 20% 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 £180 p.w. We are further advised that the sales year ending August, 2010 showed £518,654 plus lottery commission of £9,531 providing a total sales year ending August, 2010 of £528,185 with a gross profit of £108,195.
We understand the premises are held on a secure renewable lease, the present lease having approximately 13½ years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3½ years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £9,072 p.a.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £157,500 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
**PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS TO BE BY WAY OF SHARE TRANSFER OF THE COMPANY**
Situated in a parade, excellent main road trading position, sought after residential area, ESSEX
Monday - Saturday inclusive - 8.10 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 9 p.m.
Service area with parking space for 2 cars
North Yorkshire
£ 750,000
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