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Reference G8259

Convenience Store in Northamptonshire For Sale

Convenience Store in Northamptonshire For Sale
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Register to see map and to make an appointment Busy road, residential area, NORTHANTS.

Turnover 18,000
Price 180,000

Features

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

FREE CAR PARK OPPOSITE THE SHOP

SPACIOUS SALES SHOP in the region of 900 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, modern adjustable shelving, 4 display gondolas, 2 upright double door glass fronted display deep freezers, 1 3-tier ice cream deep freezer, 3-3.75m open cool display units, 1-2.5m open cool display unit, 1-1.25m open cool display unit, 2 electronic cash registers with EPOS scanning etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 18,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. We are further advised that the gross profit is in the region of 17%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 80 p.w. The business has Paypoint plus an internal ATM machine which we understand provides a further revenue in the region of 30/40 p.w.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 9 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over & at present let on shorthold tenancies one currently at 510 per month whilst the other is let at 485 per month. Each FLAT with GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Small yard

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 25,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter. (As will be appreciated with the current rental income from the 2 flats of 11,940 the net rental payable at the present time is only 13,060 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 180,000 plus STOCK AT VALUATION (30,000/35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 90,000 (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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