FinanceYou can borrow
£ 24,750 (lease)
£ 234,500 (freehold)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Counter News, Confectionery, Tobacco, Ices, Soft Drinks, Full Free off Licence (Granted December, 2011) for Sale
Situated in a parade, excellent main road trading position, KENT
Features
SINGLE FRONTED SALES SHOP with new shop front in 2008, approx. 300 sq. ft. sales area, non-slip floor, suspended ceiling. Well fitted including counter, 2 tills with EPOS scanning, back office computer, 2 open cool display units (1 owned and 1 on loan from Coca Cola), ice cream deep freeze (owned), modern shelving. CCTV system with 6 cameras, 2 monitors plus recording.
Staff cloakroom with w.c. and wash hand basin
Basement ideal for storage plus office
Turnover
WE ARE INFORMED the turnover averages £7,500 p.w. in our opinion offering terrific potential for further increase, especially with the sale of wines, beers and spirits. Wholesale newsbill £800 p.w. Gross profit 22% approx. In addition we understand there is a further revenue of approximately £25 p.w. in respect of Paypoint commission.
Staff
The business is at present staff operated. 2 full time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy and provides a rental income of £1,000 per month, however, we understand that vacant possesion can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING (new boiler), comprises:
3 Double Bedrooms (1 could readily be utilized as a Lounge)
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted units
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £16,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £2,500 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£10,000/£12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £335,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
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