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Excellent main road trading position, densely populated expanding residential and student area, within approx. 2 minutes walk of a University, STAFFORDSHIRE (Please register to make appointments and view addresses)

This old established business has been in the same hands for the past 26 years and is situated in a densely populated residential area approx. ½ mile from the City Centre.

It should be stressed that it caters for an extensive residential area selling English, Asian, Chinese, African and Caribbean foods. At present the premises are not licensed for the sale of wines, beers and spirits, however, in our opinion the premises would benefit from obtaining such a licence in order that our alcohol could also be sold.

SPACIOUS PREMISES providing a total area in the region of 4,500 sq. ft. including storage area. Lino floor, suspended ceiling with fluorescent lighting. Fully equipped including counter, 2 tills with EPOS scanning, 14 glass topped chest deep freezes, 1 open cool display unit, 1 upright double door drinks display fridge (on loan from Coca Cola), 1 upright single door drinks display fridge (on loan from Lucozade), centre display gondola, ice cream deep freeze (owned).

Butchery section at rear with 2 cool display serveover counters, 3 butchers blocks, bansaw, mincer etc.

Exentensive storage facilities

Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £26,000/£27,000 p.w. 18% Gross Profit in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary off licence.

The business is at present operated by 2 partners with the assistance of 4 full time and 4 part time staff.

Monday - Saturday inclusive - 9 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.

The SPACIOUS private accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

Spacious Living Room 20ft x 20ft
Kitchen
2 Double Bedrooms (1) very large approx. 20ft x 20ft
Bathroom with bath, w.c. and wash hand basin

Adjoining SPACIOUS additional accommodation with separate front door entrance, all in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, situated on the first and second floor, comprises:

9 Bedsitting Rooms
2 Bathrooms each with bath, w.c. and wash hand basin
Plus shower room with shower, w.c. and wash hand basin
2 Fully Fitted Kitchens

4 of the rooms are currently let, 2 are large doubles, and a rental of £100 p.w. is paid including gas and electricity. 2 further rooms are let at present and provide a rental income of £75 p.w. including gas and electricity.

There is potential to let the other 5 rooms to provide additional rental income, if desired. (We understand that 1 of the vacant rooms could be let as a large double obtaining in the region of £100 p.w. with the other rooms having the potential to be let at £75 p.w. each). Obviously once all the 9 rooms are fully let at the proposed rental the overall rental income per week would be £750 per week.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £6,300 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS SELF SERVICE CONVENIENCE STORE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS IN THIS EXCELLENT MAIN ROAD TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £1.4 million plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT