Convenience Store and Off Licence in New Tredegar for sale
Residential estate, small town, SOUTH WALES
Turnover £ 8,000
Profitable Semi-detached Self Service Convenience Store, Full Free off Licence, Lottery & Paypoint
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with tiled floor, suspended ceiling. The equipment includes modern adjustable shelving, till with scanning, 2 centre display gondolas, 2 glass topped chest deep freezes, 1 large open cool display unit (used for dairy produce and milk), 3 upright double door fridges (all owned) etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 22% approx. In addition the business is agents for national lottery scratchcards and we understand this provides a commission of approximately £150 p.w.. The business also has a Paypoint and we understand that this provides a commission of approx. £200 per month. We are further advised that the sales for the period 30th April, 2009 to the 30th April, 2010 showed sales of £421,225 with a gross profit of £90,557.
The business is at present operated by the owners on a part time basis with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.
Monday - Sunday inclusive - 8 a.m. - 9.30 p.m.
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted units
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease 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.
Uniform Business Rates: £700 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £320,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 29,750 (lease)
£ 224,000 (freehold)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote