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WE ARE INFORMED the turnover averages £7,000/£7,500 p.w. in our opinion offering further potential to increase, especially with additional opening hours and the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £1,050 p.w. Gross profit 17% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approximately £300 p.w. The business is also agents for bus passes and we understand that this provides a further commission of approximately £140 p.w. We further understand there is an income of approx. £100 p.w. from mobile phones. We are further advised that the sales year ending 31st January, 2007 showed £404,306 with a gross profit of £100,033 (including commission received of £32,193).
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with marble tiled floor, suspended ceiling with inset lighting. 2 Air conditioning units. 2 upright double door drinks display fridges (All New) plus 1 upright single door drinks display firdge (all owned), 3 ice cream deep freezes (on loan), modern shelving, 3 greeting card display units (2 with drawers under plus 1 with gift wrapping paper section), 2 glass display cabinets, photocopier, cigarette gantry (on loan), counter, 2 tills with scanning, 1 revolving postcard stand etc.
Staff cloakroom with w.c. and wash hand basin
Small stockroom
Office
Staff
The business is at present operated by a husband and wife team and an additional 1 member of staff.
We understand the premises are held on a secure renewable lease for a period of 16 years from November, 2005 at a rental of £16,000 p.a. exclusive of rates up to November, 2009, with rent review at that time and thereafter every 4 years.
