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Convenience Store & Off Licence in Hereford for sale

Reference G5870

Convenience Store & Off Licence in Hereford for sale

Register to see map and to make an appointment Busy road, residential area, HEREFORDSHIRE

Turnover 8,500
Price 37,950

Features
Detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

Parking area in front of shop, tarmaced & can accommodate we understand 8/10 cars

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 650/700 sq. ft. Well fitted. 2 new air conditioning/heating units. Non-slip floor, suspended ceiling with fluorescent lighting. The equipment includes new 2.5m open cool display unit (used for wines, beers & spirits), 2 double door glass fronted display fridges (on loan from Coca Cola), 1 additional double door glass fronted display fridge, 1 single door glass fronted display fridge, ice cream deep freezer, counter, electronic cash register etc.

Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover currently averages 8,500 p.w. in our opinion offering terrific potential for further increase in the right hands. Wholesale newsbill 750/800 p.w. Gross profit 21% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. 100 p.w.
Staff
At present staff operated. Staff employed 2 full time plus 1 part time. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Trading Hours
Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 6 p.m.
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a rental only 12,600 p.a. exclusive of rates, fixed for the remainder of the term. We understand the landlord, subject to satisfactory references, is prepared to grant a longer lease at terms and rent to be agreed.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 37,950 plus STOCK AT VALUATION (12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT Subject to status, you can borrow up to 18,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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