SELF SERVICE CONVENIENCE STORE, FULL FREE OFF LICENCE
Price:
Leasehold - £85,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP approx. 3½m frontage widening in the middle to rear of shop to approx. 4½m width with a depth in the region of 17m. Refitted 2010. Air conditioning/heating unit. Laminated stripfloor, suspended ceiling with fluorescent lighting. 1 double door glass fronted drinks fridge (owned and used for soft drinks), open cool display unit (on loan from Coca Cola), 2.5m open cool unit (used for wines), 2.5m open coool unit (used for beers), double door glass fronted cool display unit (owned and used for dairy produce), glass topped ice cream deep freeze, 2 upright glass fronted display deep freezes, large glass topped ice cream deep freeze, modern adjustable shelving, centre display gondola, large counter, till with scanning. CCTV system with 4 cameras, monitor plus hard drive recording etc.
Large stockroom with wooden shelving (it will be appreciated upon inspection that the shop could be further extended into the stockroom at rear, if desired)
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,000/£7,500 p.w. (the business as will be appreciated also sells convenience groceries and we understand the turnover in respect of convenience groceries is in the region of £800 p.w. In our opinion with further display of convenience groceries, there is terrific potential to increase the turnover). Gross profit 25% approx. The business has an ATM machine and we understand this provides a further revenue of £65/£70 per month.
We understand the premises are held on a secure renewable lease, the present lease having approximately 11½ yeas unexpied at a rental of £16,900 p.a. exclusive of rates for the next 18 months, with rent review at that time and thereafter every 5 years.
Uniform Business Rates we are advised only £450 p.a. approx. (after small business relief).
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, busy road, densely populated residential area, WEST MIDLANDS
Sunday - Thursday inclusive - 12 noon - 12 midnight
Friday & Saturday - 12 noon - 3 a.m.
The accommodation in the form of SELF CONTAINED FLAT over, all in VERY GOOD CONDITION, fully CARPETED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £525 per month, however, we understand vacant possession can be given on completion, if required. The acccommodation, comprises:
2 Double Bedrooms (1 used as a dining room at present)
Fully tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Fully fitted kitchen
Yard area at rear with access for deliveries
North Yorkshire
£ 750,000
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