Freehold VILLAGE SELF SERVICE STORES, COUNTER NEWS, CONFECTIONERY, TOBACCO plus TEAROOM
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WE ARE INFORMED the turhover in respect of the Village Stores is in the region of £3,500 p.w. Wholesale newsbill £850 p.w. Gross profit 25% approx. In our opinion there is potential to develop the business, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. We understand the business has previously had an Off Licence.
The Tearoom Section we understand was opened in February, 2007 and provides further income, full details of which will be discussed on inspection.
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY (including the rear building plot), GOODWILL, FIXTURES & FITTINGS in the region of £450,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
We understand the building was built in approx. 1720 and is a listed Grade II building.
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. area (including Tearooms). The shop area has a tiled floor, fluorescent lighting and is fully equipped including counter, 3 electronic cash registers, open cool display unit, upright double door drinks display fridge (on loan from Coca Cola), shelving, electric scales, display gondola, 2 glass sliding topped chest deep freezes, ice cream deep freeze etc.
TEAROOM SECTION with laminated strip floor. 5 tables, 20 chairs.
Staff/customer's cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by 2 partners with the assistance of 3 part time staff.
Ground Floor
Rear spacious Kitchen/Living Room, used partly for the cooking in respect of the Tearooms. The Kitchen has fitted units, gas hob, electric cooker, 1 double deep fryer, double giddle, ice cream deep freeze.
First Floor with Full Gas Fired Central Heating comprises:
2 Double Bedrooms (1 at present utilized as a living room)
Half tiled bathroom, with bath, w.c. and wash hand basin
As will be noted on inspection, there are 2 Self Contained Flats, which have been sold off as long leaseholds and the business receives a ground rent of £10 p.a. for each flat plus each flat contributes ⅓ of the insurance to the building.
Outside
Large terraced garden approx. 70ft wide by 150ft depth.
Large Driveway providing ample parking, 2 spaces of which are utilized by the flats over.
We understand that this has planning permission for the erection of a 2 bedroom detached cottage, however, in our opinion there is a distinct possibility of obtaining planning permission for a 4 bedroom detached residence or possibly 2 separate houses.
