Profitable Semi-detached Self Service Convenience Store, Full Free off Licence, Lottery & Paypoint
Residential estate, small town, SOUTH WALES
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.
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
Please call 020 8763 1777 for an appointment to view
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