Superior old established FREEHOLD SELF SERVICE CONVENIENCE STORE, NEWS, CONFECTIONERY,TOBACCO, ON LINE NATIONAL LOTTERY plus FULL FREE OFF LICENCE
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WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,500 p.w. Gross profit 25% 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. £100 p.w. We further understand there is additional commission from mobile top-ups. We are further advised that the draft accounts for year ending 30th September, 2007 showed sales of £497,891 (including commission received of £5,335) with a gross profit of £138,574.
Price
OFFERS TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £310,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a superbly fitted SELF SERVICE CONVENIENCE STORE in this sought after Cotswolds locality. The business has been in the same hands for the past 18 years and there are genuine reasons for sale.
Forecourt area providing parking for 4 cars to -
SPACIOUS SALES SHOP approx. 1,000 sq. ft. extended and refitted approx. 7 years ago. Air conditioned. Laminated strip floor, suspended ceiling with concealed lighting. The equipment includes counter, 2 tills with EPOS scanning system plus back-up computer, 12ft open cool display unit (on loan from Coca Cola), 1 additional 12ft open cool display unit (owned and used for dairy produce), small open cool display unit (used for beers), 1 upright double door display deep freeze, 1 revolving card stand (on loan), slats to walls, modern adjustable shelving, display gondolas, bake-off oven (on loan), automatic hot drinks machine (on lease agreement) etc.
Office area
Kitchen
Staff cloakroom with w.c. and wash hand basin
Stairs to first floor providing large stockroom with racking
Additional staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by the vendor with the assistance of his wife on a very part time basis plus 5 part time staff with the assistance of 5 part time juniors employed in the evenings from 5 p.m. - 7 p.m. and weekends. 10 morning newsrounds. 12 evening newsrounds. 10 Sunday newsrounds. Delivery charge 20p/£1.30 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Uniform Business Rates: £1,700 p.a. approx. (after small business relief)
AS STATED THIS BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
OUTSTANDING OPPORTUNITY TO ACQUIRE A QUALITY SELF SERVICE CONVENIENCE STORE, COMBINED WITH FULL FREE OFF LICENCE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
