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Reference G8383

Convenience Store in Blyth For Sale

Register to see map and to make an appointment Residential area NORTHUMBERLAND BLYTH

Turnover 20,000
Price 215,000

Features

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

NO PARKING RESTRICTIONS

SPACIOUS SALES SHOP in the region of 1,500 sq. ft. sales area with tiled floor, suspended ceiling with LED lighting, 2 electronic cash registers with scanning, counter, 3 glass topped display deep freezers, 16' open cool display unit (used for wines & beers), 3 12' open cool display units (1 used for soft drinks, 1 for chilled food & dairy produce the 3rd cool unit is not utilized at present), modern display shelving, display gondolas etc.

Spacious stockroom area in the region of 950 sq. ft. plus garage

Kitchen
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 20,000 p.w. in our opinion offering further potential to increase in the right hands. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 250/280 p.w. Gross profit 20% approx. The business has Paypoint. In addition there is an ATM machine which we understand provides a commission of approximately 300 per month.

Staff

The business is at present operated by a husband & wife team with the assistance of family help when required.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 9 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory refernces is prepared to grant a new 21 years full repairing and insuring lease at a rental of 30,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 215,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 107,500 (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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