FinanceYou can borrow
£ 42,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Profitable Self Service Convenience Store, News, Confectionery, Tobacco, Greeting Cards, Full Free off Licence Plus On Line National Lottery for Sale
Situated in a parade, excellent main road trading position, sought after residential area, EAST SUSSEX
Features
SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 500/600 sq. ft. sales area. Well equipped including tiled floor, suspended ceiling with concealed lighting, air conditioning/heating unit. Counter, electronic cash register, cigarette gantry (on loan), centre display gondola, 1 greeting card display stand plus additional card display unit, 2m open cool display unit (used for beers and wines), 1-1m open cool display unit (used for soft drinks), 1-2.5m open cool display unit (used for dairy produce, milk etc), glass fronted ice cream deep freeze (owned), spacious magazine display shelving, hot drinks machine etc.
Stockroom with upright fridge plus upright double door glass fronted fridge
Staff cloakroom with w.c. and wash hand basin
Small office
Cellar, ideal for storage purposes
Turnover
WE ARE INFORMED the turnover averages £9,000 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,800/£2,000 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further revenue of approximately £80 p.w. We are further advised that the trading and profit and loss accounts year ending 31st July, 2010 show sales of £593,427 with a gross profit of £125,951 plus lottery commission of £4,210 providing a total gross profit of £130,161.
Staff
The business is at present operated by 2 partners (only 1 working in the shop normally at any one time) plus 3 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. 7 newsrounds. Delivery charge £2 p.w.
We understand the premises are held on a secure renewable lease and are further advised that the present lease has approximately 10 years unexpired at a rental of £11,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £3,200 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
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