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Reference G5521

General Store and Off Licence in Derby For Sale

General Store and Off Licence in Derby For Sale
Buy a General Store and Off Licence in Derby For Sale Sell a General Store and Off Licence in Derby For Sale

Register to see map and to make an appointment Situated densely populated residential area, DERBYSHIRE DERBY

Turnover 5,000
Price 20,000 / 380,000

Features

Impressive and Spacious Semi-detached Self Service Convenience Store, Full Free off Licence

We understand the property was built in the last 1960's with large extension being built in approx. 1983.

No Parking Restrictions plus forecourt area providing parking for 4 cars

Electric shutters to - SPACIOUS SALES SHOP approx. 1,500 sq. ft. sales area. Well fitted including modern adjustable shelving, centre display gondolas, 2 large glass topped chest deep freezes, 1 double door glass fronted display fridge (used for milk and dairy produce), 4 double door glass fronted display fridges (3 used for soft drinks plus 1 for beer), 1 single door upright display fridge (used for wine), 2 greeting card display stands with drawers, counter, 1 electronic cash register, ATM machine (on loan) etc.

Rear store area
Staff cloakroom with w.c. and wash hand basin

In addition there are 2 garages at rear (potential to provide additional storage area).

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx. The business also has Paypoint and we understand this provides a further revenue of approximately 30/40 p.w.

Staff

The business is at present operated by a husband and wife team plus additional family help when required.

Trading Hours

Monday - Friday inclusive - 8 a.m. - 10 p.m.
Saturday & Sunday - 9 a.m. - 10 p.m.

Accommodation

The SPACIOUS family living accommodation, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Large Lounge
Large Fully Fitted Kitchen/Breakfast room
Master Bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin
1 Additional Large Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
2 Additional Double Bedrooms

Second Floor
2 Further Double Bedrooms

It will be appreciated upon inspection that there is potential for the accommodation to be converted into 2 separate flats, if desired, and in our opinion could readily be let to provide a rental income, if required.

Outside

Adjacent to the shop are electric shutters providing access for covered car parking for 3 cars. It will be appreciated upon inspection that the shop area could be extended into the adjoining car parking facilities, if desired.

Small yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only (excluding the living accommodation) at a rental of 10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years). The vendor is also prepared, subject to satisfactory references, to grant a new 15 years full repairing and insuring lease in respect of the shop premises with accommodation over at a rental of 20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 2,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 20,000 plus STOCK AT VALUATION (20,000/25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 380,000 plus STOCK AT VALUATION (30,000/35,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 266,000 (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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