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Reference G8080

Convenience Store in Nottinghamshire For Sale

Register to see map and to make an appointment Residential estate, approximately 5 miles from NOTTINGHAM CITY CENTRE

Turnover 18,000
Price 150,000

Features

Profitable Semi-detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

Shared car parking for approximately 30 cars

SPACIOUS 1,500 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including 2 tills with EPOS scanning system, 2 checkouts, 1 large glass topped chest display deep freezer, 1 open cool display unit (used for soft drinks), 1 large open chiller units (used for dairy produce, sandwiches, milk etc), shelving, display gondolas etc.

Large stockroom with racking
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 600/700 p.w. We are further advised that the gross profit is in the region of 23%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of 50/60 p.w. The business also has Paypoint.

Staff

At present operated by the vendor with the assistance of 5 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 10.30 p.m.
Sunday opening - 8 a.m. - 10.30 p.m.

Outside

Service area at rear with parking

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 19 years unexpired at a rental of 22,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years. The vendor lets part of the shop to a Pharmacy on an Under-Lease having approximately 9 years unexpired and providing a rental income of 5,000 p.a. for the next 4 years and therefore the net rental payable is 17,000 p.a. exclusive of rates.

Uniform Business Rates: 8,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION (40,000/50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 75,000 (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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