Old established COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, CONVENIENCE GROCERIES
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,400/£1,500 p.w. In addition, we understand the business receives a commission of approx. £100 p.w. in respect of Paypoint and a further commission of approx. £60 per month in respect of the sale of bus passes.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 o.n.o. plus STOCK AT VALUATION (£25,000 / £30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
This old established business has been in the same hands for the past 18 years and is now solely offered for sale due to the vendor's semi-retirement.
The shop has recently been all modernised and well fitted at considerable expense approx. 3 years ago.
SINGLE FRONTED SALES SHOP with double door, ceramic tiled floor, suspended ceiling with fluorescent lighting. 2 air conditioning units. Sales area in the region of 750/800 sq. ft. 3 greeting card display stands with drawers, ice cream deep freeze (owned), large glass topped chest display deep freeze, 3 upright glass fronted drinks display fridges, 1 upright double door drinks display fridge, open cool display unit, 2 centre display gondolas, modern adjustable shelving, counter, 2 electronic cash registers, cigarette gantry (on loan) etc.
Rear office/store
Staff cloakroom with w.c. and wash hand basin
Basement suitable for storage purposes
Staff
The business is at present operated by a husband and wife team with the assistance of 1 full time staff.
Opening
Hours
Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 6.30 a.m. - 2 p.m.
We are further advised that the business closes halfday on all bank holidays.
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £14,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £3,200 p.a. approx. + water rates
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
