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Reference G8439

Convenience Store in Ascot For Sale

Register to see map and to make an appointment Situated in an expanding area with houses being built nearby, excellent trading position, sought after residential area, BERKSHIRE ASCOT

Turnover 9,000
Price 97,500

Features

Spacious well Established Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS SALES SHOP in the region of 1,800 sq. ft. sales area with tiled floor. The equipment includes 2 large glass topped chest display deep freezers, 2-3.75m open cool display units (used for soft drinks, milk, sandwiches etc), 1-2.75m open cool display unit (used for wines & beers), 1 upright slimline display fridge (on loan), 3-tier ice cream deep freezer, modern shelving, counter, electronic cash register with scanning, display gondola, double door glass fronted display deep freezer, greeting card display etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,100 p.w. We are further advised that the gross profit is in the region of 25%. The business has an agency for Hermes Parcel Service & we understand this provides a commission in the region of 160 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of the vendor's brother plus 2 part time staff. 3 newsrounds plus 4 additional rounds undertaken by car. Delivery charge 3 p.w.

Trading Hours

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

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 26,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 5,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION (35,000/40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 48,750 (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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