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Convenience Store & Post Office in Hertfordshire For Sale

Convenience Store & Post Office in Hertfordshire For Sale
Convenience Store & Post Office in Hertfordshire For Sale Buy a Convenience Store & Post Office in Hertfordshire For Sale Sell a Convenience Store & Post Office in Hertfordshire For Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale Convenience Store & Post Office in Hertfordshire For Sale for Sale

Register to see map and to make an appointment Large residential estate, sought after HERTFORDSHIRE TOWN

Turnover 14,500
Post Office 26,000
Price 235,000

Features

Superbly Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence with Post office Local

NO PARKING RESTRICTIONS. PARKING BAY IN FRONT OF SHOP FOR 5/6 CARS

IMPRESSIVE SALES SHOP in the region of 1,500 sq. ft. sales area with quality tiled floor, suspended ceiling with concealed lighting. Well equipped including 1 large display deep freezer, 2 upright glass fronted display deep freezers, 1 large open display unit (used for dairy produce), 2 additional open cool display units (used for soft drinks), 1 additional open cool display unit (used for wines & beers), cigarette gantry (owned), spacious Pick 'N' Mix display unit, centre display gondolas, counter, 2 electronic cash registers with scanning plus Post Office combination counter, large greeting card display section, 2 barrel Slush machine, 1 hot pie oven for bread & pies, newspaper display rack etc.

Small stockroom
Office
Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 14,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill 1,000 p.w. And are further advised that the gross profit is in the region of 22%. The business is agents for the sale of on line national lottery tickets plus scratchcards & we understand this provides a commission of approximately 180 p.w. Post office income we are advised in the region of 26,000 p.a.

Staff

At present operated by a lady vendor with the assistance of her partner plus 1 part time staff in respect of the post office section plus 4 part time staff for the retail shop.

Trading Hours

6 a.m. - 6 p.m. seven days per week
In our opinion there is terrific potential for additional evening opening hours, if desired & indeed to introduce newspaper deliveries, if desired.

Outside

Parking space at rear for 1 car

Tenure

We understand the premises are held on a renewable lease for a period of 20 years commencing 30th April, 2007 at a rental of 24,000 p.a. exclusive of rates. (We understand the rent reviews are every 5 years).

We understand the rates payable are 496 per month and we understand there is uniform business relief until 2021.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SELF SERVICE CONVENIENCE STORE, COUNTER NEWSAGENTS, FULL FREE OFF LICENCE COMBINED WITH POST OFFICE LOCAL IN THIS SOUGHT AFTER RESIDENTIAL AREA. IN OUR OPINION THE BUSINESS OFFERS TERRIFIC POTENTIAL FOR FURTHER DEVELOPMENT, ESPECIALLY WITH ADDITIONAL EVENING OPENING.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 235,000 plus STOCK AT VALUATION (40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 117,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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