Detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence for Sale
Busy road, residential area and close to Hospital, NORFOLK
Small forecourt to -
SPACIOUS SINGLE FRONTED SALES SHOP with tiled floor, suspended ceiling, fluorescent lighting and well equipped including modern adjustable shelving, 1 glass topped chest deep freeze, 1 double door glass fronted display deep freeze, 2 large open cool display units, 2 single door glass fronted drinks fridges (1 on loan from Pepso Cola whilst the other is owned), counter, 1 till with scanning, cigarette gantry (on loan). CCTV system with 13 cameras, 2 monitors plus recording.
We understand the vendor has recently obtained planning permission to build a 3 bedroom flat over the shop.
WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £550 p.w. Gross profit 24% approx. In addition the business has an ATM machine which we understand provides a further revenue of approx. £100 per month. The business also has a Western Union Agency which we understand provides a further revenue of approx. £100 per month.
The business is at present operated under management. Staff employed 1 full time manager plus 4 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
7 a.m. - 11 p.m. seven days per week
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insurig lease at a rental of £14,400 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £2,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,995 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £255,000 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view