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Reference G8364

Convenience Store in Middlesex For Sale

Register to see map and to make an appointment Residential area MIDDLESEX

Turnover 15,000
Price 140,000

Features

Superbly Fitted Semi-detached Self Service Convenience Store, Full Free off Licence We Understand Opened In September, 2016 & In Our Opinion offering Terrific Potential For Further Development In The Right Hands

NO PARKING PROBLEMS

SPACIOUS SALES SHOP in the region of 2,150 sq. ft. sales area with tiled non-slip floor, fluorescent lighting. Well equipped including counter, 1 till with EPOS scanning system, checkout counter, modern adjustable shelving, display gondola, 2-5m glass fronted cool display units (1 used for soft drinks whilst the other is used for dairy produce), 1-2.5m double door deep freezer, ice cream deep freezer etc.

Large stockroom
Office
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 understand that 180 flats have recently been completed nearby, providing in our opinion of further potential. We are further advised that the gross profit is in the region of 24%.

Staff

At present operated by the vendor with the assistance of 3 full time staff.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 11 p.m.
Saturday & Sunday opening - 8 a.m. - 11 p.m.

Outside

Shared yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of 32,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 10,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED SELF SERVICE CONVENIENCE STORE IN THIS UNOPPOSED RESIDENTIAL AREA.

IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 140,000 plus STOCK AT VALUATION (40,000/45,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 70,000 (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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