Profitable well fitted SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE
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WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £250 p.w. Gross profit 23% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a well equipped SELF SERVICE CONVENIENCE STORE situated in a residential area with a school and college nearby. In our opinion, the business has tremendous potential for further development in the right hands.
Front area used for display purposes.
SPACIOUS DOUBLE FRONTED SALES SHOP with double doors approx. 1,200 sq. ft. sales area, ceramic tiled floor, suspended ceiling with concealed lighting. All well equipped including cigarette gantry (on loan), 2 large glass sliding topped chest deep freezes, modern adjustable shelving, counter, electronic scales, scanning system with till, slats to walls, ice cream display deep freeze, upright Häägen Dazs ice cream deep freeze, large open cool display unit (for wines and beers), additional large open cool display unit (for milk and dairy produce), 2 open cool display units for soft drinks (on loan from Coca Cola), 1 open cool display unit (used for display of fruit & vegetables plus juices), 1 additional open cool display unit (for soft drinks), modern adjustable shelving, centre display gondolas, magazine display shelving, slats to walls etc.
2 Stockrooms
Kitchen
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by the vendor with the assistance of 3 part time staff.
The spacious living accommodation is at present on shorthold agreements and we understand provides a rental income of £1,500 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
4 Bedrooms (3 doubles, 1 single)
Shower room with shower, w.c. and wash hand basin
Additional Separate Shower
Lounge
Kitchen
Outside
Yard at rear.
Tenure
We understand the premises are held on a secure renewable lease having 20 years unexpired from May, 2006 at a rental of £30,000 p.a. exclusive of rates up to May, 2011, with rent review at that time and thereafter every 5 years.
