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Home Businesses Convenience Stores Hertfordshire Profitable Self Service Convenience Store, Full Fr...

Advert Ref : G5655 Convenience Stores for sale in Hertfordshire

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

Features 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
Turnover 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.
Staff The business is at present operated by the vendor with the assistance of the family.
Opening Hours Monday - Saturday inclusive - 8 a.m. - 11 p.m.
Sunday opening - 9 a.m. - 10.30 p.m.
Accommodation 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
Lounge
Kitchen with fitted units
Tenure 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
Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,950 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Please call 020 8763 1777 for an appointment to view
Reference G5655

             

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Convenience Stores for sale in Hertfordshire

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Business Summary
Reference: G5655
Accom: Yes
Turnover: 6,750 p.w.
Leasehold: 49,950
was 49,999

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Finance the Purchase
We can lend you up to 25,000 to purchase this business subject to status, with a house or additional security you maybe able to borrow the full amount.


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