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Convenience Store in Middlesex For Sale

Convenience Store in Middlesex For Sale
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Register to see map and to make an appointment Situated in a parade, busy road, residential area, MIDDLESEX

Turnover 15,000
Price 190,000

Features

Profitable Self Service Convenience Store, Full Free off Licence

SPACIOUS SALES SHOP including storage facilities in the region of 1,900 sq. ft. Non-slip floor, suspended ceiling with concealed lighting. The equipment includes 3 glass topped chest display deep freezers, 2-2.5m cool display units, modern shelving, display gondolas, 2 tills with scanning system. CCTV system etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 15,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 24%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 120 p.w. The business also has Oyster which we understand provides a further commission of approximately 180 p.w. The business also has Western Union which we understand provides a further commission of approximately 300 per month.

Staff

At present operated by the vendor on a part time basis with the assistance of 5 full time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

7 a.m. - 10 p.m. seven days per week

Outside

Parking for 2 cars.
Service road at rear of parade

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of 24,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 190,000 plus STOCK AT VALUATION (40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 95,000 (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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