Large Customer's Tarmaced Car Park for approx. 40 cars
The business is situated in an expanding residential area of approx. 600 houses. We further understand that planning permission has been granted for the erection of an additional 400 houses, however, due to the recession, the building of these has not commenced at present.
IMPRESSIVE & SPACIOUS SALES SHOP in the region of 2,200 sq. ft. sales area. The shop has totally been refurbished to a very high standard with electric automatic doors, laminated strip floor, suspended ceiling, fluorescent lighting. Well equipped including modern adjustable shelving, 3-12ft open cool display units (all owned), 1 additional open cool unit (on loan from Coca Cola), 1-3 tier ice cream deep freeze (owned), 3-2.5m glass topped display deep freezes, 2 tills with scanning system, slim upright Red Bull glass fronted display fridge (on loan), display gondolas etc.
Large stockroom with shelving plus additional 2.5m glass topped display deep freeze.
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover currently averages £13,000/£13,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 24% approx. We are advised the business also receives commision from on line national lottery, Paypoint plus an ATM cash machine.
Staff
The business is at present operated by the vendor with the assistance of his brother on a part time basis plus 2 part time staff.
Opening
Hours
7 a.m. - 9 p.m. seven days p.w.
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.
Accommodation
Although the business does not have living accommodation. The same Landlord has flats over and we understand that there is the possibility of a 2 bedroom flat being available as an optional extra on a shorthold tenancy.
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of £30,000 p.a. exclusive of rates of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED SELF SERVICE CONVENIENCE STORE COMBINED WITH FULL FREE OFF LICENCE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION (£40,000/£45,000 can be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
G5439
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.