Nr. Wantage, Oxfordshire
Situated end of parade, busy road, residential and commercial area, OXFORDSHIRE
Turnover £ 3,500
The business has been in the same hands for the past 15 years and there are genuine reasons for sale.
SINGLE FRONTED SALES SHOP probably in the region of 650 sq. ft. sales area with carpeted tiled floor, suspended ceiling with concealed lighting, air conditioning, counter, electronic cash register, cigarette gantry (on loan), modern shelving, magazine display shelving, 2 greeting card display stands with drawers, ice cream deep freeze (owned), 1 double door glass fronted drinks display fridge (owned), 1 upright single door display fridge (owned and used for milk, pies) etc.
Rear stockroom with racking
WE ARE INFORMED the turnover is in the region of £3,500 p.w. in our opinion offering tremendous potential for further incease in the right hands. Wholesale newsbill £750 p.w.
The business is at present operated by the vendor and no staff are employed.
Monday - Saturday inclusive - 7 a.m. - 7 p.m.
Sunday opening - 8 a.m. - 1 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours.
The SPACIOUS living accommodation all in VERY GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (1 double, 2 singles)
Fully tiled bathroom with bath, shower over bath, w.c. and wash hand basin
The accommodation is fully carpeted with the exception of the 2 single bedrooms which have quality laminated strip floors.
Shared driveway providing parking space for 2 cars
The vendor owns the freehold and subject to satisfactory references, is prepared to grant a new 25 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. Alternatively, the vendor is prepared to lease the preimises without the flat at a rental of £12,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: nil (after small business relief)
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT