FinanceYou can borrow
£ 44,998 (lease)
£ 178,500 (freehold)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence for Sale
Busy road, residential area and close to Hospital, NORFOLK
Features
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.
Turnover
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.
Staff
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.
Opening Hours
7 a.m. - 11 p.m. seven days per week
Tenure
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
Price
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
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
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