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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 with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Off Licence. In our opinion, there is also potential for the delivery of newspapers, if desired. Wholesale newsbill £1,500 p.w. Gross profit 24% 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 approx. £150 p.w. The business is also agents for the sale of bus passes and we understand this provides a further commission of approx. £80 p.w.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP approx. 800 sq. ft. sales area with industrial non-slip floor, suspended ceiling with concealed lighting and well equipped including counter, 1 till with scanning, modern adjustable shelving, upright single door drinks display fridge (owned), 2.5m open cool display unit (used for soft drinks), centre display gondola, magazine display shelving, 9 greeting card display stands with drawers, photocopier (owned), ice cream deep freeze etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated under management. Staff employed 1 full time manager plus 1 full time and 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease the present lease having approximately 13 years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £4,800 p.a. approx. + water rates
