Attractive Convenience Store with Post Office in Norfolk For Sale

Detached property, excellent main road trading position, village residential area NORFOLK

Turnover £ 5,000
Post Office £ 33,000
Price £85,000 / £350,000

Features

Attractive Village Main Post office & Convenience Store

ATTRACTIVE SINGLE FRONTED PROPERTY built 1800's. Size 1,180 ft² (110 M²) approx. Industrial non-slip floor, sales counter with Post Office Section, 2 cash registers, 2-2.50m open cool display unit, modern adjustable shelving. Post Office Counter with anti-bandit screen. (2 positions), etc. To the rear
Royal Mail sorting area.

Staff toilet with w.c. and wash hand basin.

Small stock room.

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 23% approx. POST OFFICE income in the region of £33,000 p.a. approx.. Wholesale newsbill £1,400 p.w.

Staff

The business is at present operated by a husband & wife team with 1 full time staff employed. 4 newsboys employed. Delivery charge £1 p.w.

Trading Hours

7 Day week
MONDAY - FRIDAY 6am - 5.30pm
SATURDAY 6am - 1pm
SUNDAY 6am - 12pm

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £17,500 p.a. for the first 4 years with rent reviews every 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) £ 245,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote