Convenience Store & Off Licence in Hereford for sale
Busy road, residential area, HEREFORDSHIRE
Turnover £ 8,500
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
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.
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.
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
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