SPACIOUS SALES SHOP approx. 600 sq. ft. sales area. Refitted approx. 3½ yrs. ago. Non-slip floor, suspended ceiling with concealed lighting. Air conditioning/heating. Counter, 2 electronic cash registers, centre display gondola, 2 greeting card display stands, 2 upright single door drinks display fridges (used for beers and wines), 2 additional upright single door drinks display fridges (1 on loan from Lucozade and used for soft drinks), 1 upright double door drinks display fridge (on loan from Coca Cola), open cool display unit, glass topped chest deep freeze, CCTV system with 5 cameras, 2 monitors plus hard disc recording.
Stockroom with shelving
Turnover
WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,100 p.w. Gross profit 23% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards which we understand provides a commission of approx. £50 p.w. Also in addition Payzone has recently been installed.
Staff
The business is a family run concern plus 1 part time staff employed. 3 morning newsrounds plus 3 evening newsrounds. Delivery charge 65/80p p.w.
The spacious living accommodation all in EXCELLENT CONDITION, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Double Bedrooms
Large Louge (or fourth double bedroom)
Bathroom with bath, w.c. and wash hand basin
Ground Floor Living Area
Large Fully Fitted Kitchen/Dining Room
Cloakroom with w.c. and wash hand basin
Outside
Enclosed yard with parking space for 2 cars plus large garage (used for stock purposes).
Tenure
The vendors own the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with living accomodation at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Alternatively the vendors, subject to satisfactory references, are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only (excluding the living accommodation) at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
C7058
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
