Spacious double fronted Sales Shop approx. 550 sq. ft. sales area, all refitted in May, 2005. Air Conditioned. The shop has an industrial non-slip floor, suspended ceiling with concealed lighting. The equipment includes magazine display shelving, counter, 2 electronic cash registers, cigarette gantry (on loan), 2 greeting cards with drawers, upright double door glass fronted drinks fridge (owned), Walls' ice cream deep freeze (on loan). CCTV system including 4 cameras, 2 monitors, 24 hour recording. Post Office Counter with anti-bandit screen (3 positions) etc.
Staff w.c.
Small kitchen area
Large stockroom at rear
Turnover
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Off Licence. Wholesale newsbill £1,000 p.w. Gross profit 22% approx. The business is agents for the sale of bus passes and we understand that this provides a commission of approx. £225 p.w. P.O. sal. £45,720 p.a. approx. We are further advised that the sales year ending 31st July, 2006, shows £268,818 with a gross profit of £48,827 plus post office salary of £49,264 providing a total gross profit of £98,091.
Staff
The business is at present operated by the vendor with the assistance of 3 part time staff in respect of the Retail Shop plus 2 part time staff in respect of the Post Office. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. 3 small newsrounds. Delivery charge 80p/£1 p.w.
The accommodation in the form of a Spacious MAISONETTE over, all in GOOD CONDITION, comprises:
4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Additional separate w.c.
Lounge
Separate Dining Room
Kitchen
Tenure
We understand the premises are held on a secure renewable lease having 14 years unexpired from December, 2005 at a rental of £13,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £3,200 p.a. approx. + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
REDUCED FOR EARLY SALE
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £165,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
