Waltham Cross, Hertfordshire, EN7
Situated in a parade, excellent main road trading position, residential and commercial area, HERTFORDSHIRE
Turnover £ 7,000
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,000 sq. ft. sales area with tiled floor, fluorescent lighting, air conditioning. The equipment includes modern adjustable shelving, centre display gondolas, ice cream deep freeze (on loan), 2 upright sliding double door drinks display fridges, large glass sliding topped chest deep freeze, 1 upright glass fronted drinks fridge (on loan from Lucozade), 2 open cool display units (both on loan from Coca Cola), counter, till with scanning system, 1 greeting card display stand. CCTV system with 3 cameras, monitor plus recording etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £450 p.w. Gross profit 20% approx. In addition, we understand there is a commission of approx. £80 p.w. from Etop-up phone cards plus International cards. In addition the business has Paypoint and we understand this provides a commission of approx. £50 p.w. The business has also recently been approved for Online National Lottery which should be installed soon.
The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 1 full time staff.
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 £825 per month, however, we understand that vacant possion can be given on completion. The MAISONETTE with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Yard at rear with parking space for 2 cars
We understand the premises are held on a secure renewable lease having approximately 17½ years unexpired at a rental of £18,000 p.a. exclusive of rates for the next 2½ years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £5,300 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£35,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT