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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Situated in a parade, large residential area, WEST MIDLANDS (Please register to make appointments and view addresses)

The business has been in the same hands for the past 26 years and is now solely offered for sale due to the vendor's retirement.

Air Conditioned

Spacious double fronted Sales Shop approx. 1,000 sq. ft. sales area with suspended ceiling, fluorescent lighting and well equipped including modern adjustable shelving, 1 glass topped chest display deep freeze, 1 ice cream deep freeze (owned), 1 upright single door drinks display fridge (on loan from Coca Cola), 1 upright double door drinks display fridge (owned), 3 open cool display units (2 used for beers whilst the other is used for dairy produce), magazine display shelving, counter, 3 electronic cash registers etc.

Staff toilet and wash hand basin

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20% approx. The business also has Paypoint & Payzone and we are advised that the commission from these is approx. £100 p.w.

The business is at present operated by a husband and wife team with family help. Only 1 news person employed morning and evening. Delivery charge 80p/£1 p.w.

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 7.30 a.m. - 10 p.m.

The spacious living accommodation all in GOOD CONDITION, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Double Bedrooms
Bathroom with corner bath, separate shower, w.c. and wash hand basin
Large Lounge
Fitted Kitchen

Large garage at rear 24ft x 24ft approx used for storage purposes.

The vendors owns the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,500 p.a. approx. + water rates

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

TO INCLUDE THE NEW LEASE, GOODWILL FIXTURES & FITTINGS £109,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £420,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

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