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Reference G7719

Convenience Store in Sheffield For Sale

Convenience Store in Sheffield For Sale
Buy a Convenience Store in Sheffield For Sale Sell a Convenience Store in Sheffield For Sale

Register to see map and to make an appointment Situated in a parade of 4 shops, residential area, SOUTH YORKSHIRE SHEFFIELD

Turnover 4,500
Price 58,000 / 220,000

Features

Self Service Convenience Store, Full Free off Licence, On Line National Lottery Plus Paypoint

DOUBLE FRONTED SALES SHOP probably in the region of 500 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, electronic cash register, modern shelving, 3 glass topped chest display deep freezers, 2 open cool display units (1 used for dairy produce plus soft drinks whilst the other is used for beers & wines) etc.

Stairs to first floor comprising large room plus 1 small room plus w.c. In our opinion there is potential to develop the first floor into accommodation, if desired.

Turnover

WE ARE INFORMED the turnover averages 4,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximate 80 p.w. The business also has Paypoint which we are advised provides a further commission of approximately 30 p.w. We are further advised that the sales year ending 31st July, 2017 showed 179,943 with a gross profit of 27,120.

Staff

At present operated by a husband & wife team with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 10 a.m. - 7.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays
It will be appreciated upon inspection there is potential for Sunday opening & for later evening opening, if desired.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 10,400 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 200 p.a. approx. (after small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 58,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 220,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,000 (lease) 154,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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