Most attractive GREETING CARDS, STATIONERY with SUB POST OFFICE
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WE ARE INFORMED the turnover averages £500 p.w. in our opinion the retail trade offers tremendous potential, especially with the introduction of additional lines and increased trading hours including confectionery, tobacco, counter newspapers. Gross profit 45% approx. Post Office salary £48,500 p.a. approx.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
This old established business has been in the same family since 1977 and there are genuine reasons for sale. This concern is confidentially offered for sale and for further information, kindly telephone Nationwide Businesses who will be pleased to discuss the matter in detail.
Most attractive and spacious DOUBLE FRONTED SALES SHOP approx. 750 sq. ft. with carpet tiled floor, suspended ceiling with concealed lighting. Well equipped including modern adjustable shelving, counter, electric cash register, 13 greeting card display stands with drawers under, 8 stationery display units, 5 revolving card display stands (owned). CCTV system with 2 cameras, video and monitor. Post Office Counter with anti-bandit screen (3 positions plus parcel hatch).
Rear stockroom
Kitchen area with sink
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present staff operated. Staff employed 3 part time staff in respect of the Retail Shop, 1 full time plus 1 part time staff in respect of the Sub Post Office. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
The accommodation in the form of a SELF CONTAINED FLAT over with side access, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £800 per month. However, we understand that vacant possession can be given if required. The accommodation comprises:
2 Bedrooms (1 large double, 1 large single)
Half tiled bathroom with bath, wash hand basin
Separate w.c.
Large Lounge
Fully fitted Kitchen
Outside
Car parking space for 3 cars
Tenure
The vendors own the freehold and subject to satisfactory references are prepared to grant (in respect of the shop with accommodation over) a new 16 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income of £9,600 p.a. the net rental payable at the present time for the shop premises is only £8,400 p.a. exclusive of rates).
Alternatively, subject to satisfactory references, the vendors are prepared to grant a new 16 years full repairing and insuring lease in respect of the shop only at an initial rental of £12,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £3,700 p.a. approx. + water rates
