Convenience Store in Somerset For Sale

Situated in a parade of shops, busy road, residential area SOMERSET

Turnover £ 5,500
Price £49,000

Features

Self Service Convenience Store, Confectionery, Tobacco, Greeting Cards, Soft Drnks

SINGLE FRONTED SALES SHOP in the region of 600 sq. ft. with tiled floor, fluorescent lighting. The equipment includes ice cream deep freezer, glass topped chest display deep freezer, modern shelving, 1 open cool display unit, 2 double door glass fronted display fridges (on loan from Coca Cola), electronic cash register with scanning etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 22%.

Staff

At present staff operated. Staff employed 1 full time manager plus 1 full time. In addition w part time juniors are employed.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 6 p.m.
Sunday opening - 1 p.m. - 6 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease expiring in 2022 at a rental of only £4,500 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: £1,200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 24,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote