Profitable DISCOUNT STORE selling toiletries, pre-packed groceries, dairy produce, confectionery, soft drinks, household and houseware goods etc.
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 £13,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 28% approx.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Electric see-through shutters to -
Spacious Sales Shop with new shop front. The shop was modernised, refurbished and refitted approx. 2 years ago at we understand a cost of approx. £70,000.
Sales area in the region of 1,600 sq. ft. with ceramic tiled floor, new suspended ceiling with concealed lighting. Air Conditioning. The equipment includes 2 electronic cash registers, checkout counters, modern adjustable shelving, centre display gondolas, large open cool display unit etc.
Large stockroom at rear with new shelving
Small office
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by 1 of the partners on a part time basis with the assistance of 1 full time supervisor, 2 additional full time staff plus 2 part time staff. Wages paid £1,000 p.w. approx. It will be appreciated upon inspection that with an active husband and wife team the wage bill could be reduced.
Opening
Hours
Monday - Saturday inclusive - 9 a.m. - 6 p.m. (during the winter months the business closes at 5 p.m).
NO SUNDAY TRADING
Accommodation
The accommodation in the form of 2 SELF CONTAINED FLATS over, are each let on a shorthold tenancy, comprising:
We understand this flat is let on a shorthold tenancy and provides a rental income of £650 per month, however, vacant possesion can be given on completion, if required.
This flat is also let on a shorthold tenancy and provides a rental income of £650 per month, however, we understand that vacant possession can be given on completion, if required.
Outside
Service road at rear
Tenure
We understand the entire premises are held on a secure renewable lease having approximately 13½ years unexpired at a rental of approx. £36,500 p.a. exclusive of rates for the next 3½ years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the 2 flats at present let on shorthold tenancies providing a current rental income of £15,600 p.a. the net rental payable at the present time is only £20,900 p.a).
Uniform Business Rates: £6,000 p.a. approx. + water rates
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED DISCOUNT STORE WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.
