FinanceYou can borrow
£ 47,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Soft Drinks Slight Convenience Groceries, Full Free off Licence Plus On Line National Lottery for Sale
Situated end of parade, town centre and close to a large park, SUFFOLK
Features
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
Turnover
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.
Staff
The business is at present operated by the vendor with the assistance of his family plus 2 part time staff. 4 morning newsrounds. Delivery charge £1/£1.50 p.w.
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
Tenure
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
Price
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
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee