Search more Convenience Stores for sale in Herefordshire
Reference G8390

Convenience Store in Herefordshire For Sale

Register to see map and to make an appointment Expanding residential area HEREFORDSHIRE

Turnover 6,750
Price 69,950

Features

Ultra Modern Detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

Parking for 3 cars in front of shop

SPACIOUS SALES SHOP probably in the region of 850 sq. ft. sales area with tiled floor, suspended ceiling with LED lighting & well equipped including counter, electronic cash register with scanning, 3 open cool display units, 2 double door glass fronted display fridges, 2 large glass topped display deep freezers, ice cream deep freezer, modern adjustable shelving, display gondolas, 2 slush machines etc.

Stockroom with racking
Office
Kitchen
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,750 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 900 p.w. Gross profit 25% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 60 p.w. We are further advised that Paypoint is being installed.

Staff

The business is at present staff operated. Staff employed 2 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Accommodation

The accommodation in the form of a SPACIOUS SELF CONTAINED FLAT over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 large double, 1 small double)
Fully tiled bathroom with bath, shower over bath, w.c. & wash hand basin (new suite we understand in 2018)
Large Lounge
Fitted Kitchen

Outside

Large garden

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of 14,700 p.a. exclusive of rates, fixed for the remainder of the term. We are advised by the present owner that the lease is renewable for a further 10 years at terms and rent to be agreed.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 69,950 plus STOCK AT VALUATION (18,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 34,975 (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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