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Reference G8118

General Store & Off Licence in West Midlands For Sale

General Store & Off Licence in West Midlands For Sale

Register to see map and to make an appointment Residential area WEST MIDLANDS

Turnover 14,000
Price 135,000

Features

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

LARGE CUSTOMERS' CAR PARK AT REAR OF SHOP

SPACIOUS SALES SHOP in the region of 2,500 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting & well equpped including 2 upright double door glass fronted display deep freezers, 1 upright single door glass fronted display deep freezer, 6 open cool display units, counter, 2 electronic cash register with scanning systems etc.

Staff cloakroom with w.c. & wash hand basin

2 Cellars used for storage purposes

Turnover

WE ARE INFORMED the turnover is currently in the region of 14,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 250 p.w. Gross profit 20% approx. We are further advised that the sales year ending 31st March, 2017 showed 595,713 with a gross profit of 95,074 plus commission received of 5,189 providing an overall gross profit of 100,263.

Staff

The business is a family run concern with the assistance of 3 part time staff.

Trading Hours

6.30 a.m. - 10.30 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Cloakroom with w.c. & wash hand basin
Fitted Kitchen

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10/15 years lease at a rental 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: 4,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 135,000 plus STOCK AT VALUATION (30,000/35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 67,500 (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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