General Store & Off Licence in Nottingham For Sale

Situated end of terrace, residential area, NOTTINGHAMSHIRE NOTTINGHAM

Turnover £ 5,000
Price £50,000

Features

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

SINGLE FRONTED MEDIUM SIZED SALES SHOP in the region of 365 ft² occupying a corner position. Tiled floor, suspended ceiling with concealed lighting. The equipment includes 3 deep freezers, 1-3.75m open cool display unit, 1-2.5m open cool display unit, upright double door Coca Cola fridge, counter, electric cash register etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £100 p.w. We understand the gross profit is in the region of 24%. We are further advised that the sales year ending April, 2018 showed in the region of £210,000.

Staff

At present operated by a husband & wife team

Trading Hours

Monday - Thursday inclusive - 6.30 a.m. - 9 p.m.
Friday & Saturday - 6.30 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Tenure

The present owner is trading over. We understand the landlord, subject to satisfactory references will grant a new 5 years lease at a rent of £7,200 p.a.

Uniform Business Rages: Nil payable at present (Please contact local authority to confirm)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£10,000/£12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote