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General Store for sale in Isle of Wight

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Reference : G5038

Freehold semi-detached VILLAGE SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE, ON LINE NATIONAL LOTTERY with SUB POST OFFICE




       

No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register for free to see full location details
 

Location

Occupying a sought after position with view of large village green. ISLE OF WIGHT (Please register to make appointments and view addresses)

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the minimum winter turnover is in the region of £4,500 p.w. increasing in the summer months to a maximum of £10,000/£11,000 p.w. Wholesale newsbill £750 p.w. Gross profit 18% approx. Post Office salary £16,800 p.a. approx. (including lottery commission of approx. £3,000 p.a). In addition, there is an ATM machine on the premises and we understand the vendor receives a minimum commission of £83 per month. We are further advised that the sales year ending 30th April, 2005 showed £335,240 with a gross profit of £54,525 plus post office salary of £17,749 providing a total gross profit of £72,274.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £325,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Features

SPACIOUS SINGLE FRONTED SALES SHOP approx. 650/700 sq. ft. sales area with tiled floor. The equipment includes 2 open cool display dairy units, 1 upright double door drinks display fridge (owned and used for beers and wines), 2 upright single door drinks display fridges (1 owned whilst the other is on loan from Coca Cola), large glass sliding topped chest display deep freeze, ice cream deep freeze (owned), counter, electronic cash register, Bake 'N' Bite oven (owned), hot food display cabinet, modern adjustable shelving. Post office counter with anti-bandit screen (1 position) etc.

Storeroom with 2 chest deep freezes plus 2 upright deep freezes
Small staff kitchen with additional ice cream deep freeze
Staff cloakroom with w.c. and wash hand basin

Staff

The business is at present operated by a husband and wife team with the assistance of 3 part time staff.

Opening Hours

7 a.m. - 8 p.m. seven days per week
(Please note the Sub Post Office section hours of opening are 9 a.m. - 5.30 p.m. closing 1 p.m. - 2 p.m. for lunch. Saturday opening - 9 a.m. - 12.30 p.m. only).

Accommodation

The spacious living accommodation situated on the first floor and with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (1 double with fitted wardrobe, 1 additional double, 2 singles)
At present one of the single bedrooms is used as an office whilst the other single bedroom is used as a utility room.
Bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units

Outside

Small yard plus parking at side of property for 2 cars.

Tenure

Uniform Business Rates: Nil payable after full relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR APPROXIMATELY 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Reference : G5038

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