Profitable Self Service Convenience Store, Full Free off Licence Plus On Line National Lottery
Situated in a parade, main road trading position, residential area, HERTFORDSHIRE
DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, attractive wooden shelving, 2 chest deep freezes, 2 upright double door drinks display fridges, 1 open cool display unit, 2 upright single door drinks display fridges, 1 greeting card display stand etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £6,750 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 25% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approximately £150 p.w.
The business is at present operated by the vendor with the assistance of the family.
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £15,600 p.a. however, we understand that vacant possession can be given on completion. The accommodation comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted units
We understand the premises are held on a secure renewable lease the present lease having approximately 8 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 2 year, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £900 p.a. approx. (after small business relief)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,950 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view
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