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General Store in Nuneaton For Sale

General Store in Nuneaton For Sale
Buy a General Store in Nuneaton For Sale Sell a General Store in Nuneaton For Sale General Store in Nuneaton For Sale for Sale General Store in Nuneaton For Sale for Sale General Store in Nuneaton For Sale for Sale

Register to see map and to make an appointment Situated end of parade, main road trading position, close to town centre, WARWICKSHIRE NUNEATON

Turnover 5,000
Price 52,500

Features

Well Established Self Service Convenience Store, Full Free off Licence ~ Retirement Sale

SINGLE FRONTED SALES SHOP plus SIDE WINDOW approximately 900 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes 2 open cool display chillers, 3 glass topped chest display deep freezers, shelving, counter, electronic cash register etc.

In our opinion the business would benefit from a certain amount of refitting

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 20%.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 9.30 a.m. - 9 p.m.
Sunday opening - 10 a.m. - 3 p.m. & 6 p.m. - 9 p.m.

Accommodation

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

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

It will be appreciated upon inspection that if the accommodation is not required for personal use there is potential for it to be sublet on a shorthold tenancy to provide a rental income.

Outside

2 Garages used for storage purposes

Tenure

We understand the premises are held on a secure renewable lease from a private landlord the present lease expiring in 2021 at a current rental of 13,750 p.a. exclusive of rates. (We understand the last rent review has not yet been agreed).

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR QUICK SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 52,500 plus STOCK AT VALUATION (15,000 approx).

Finance

Subject to status, you maybe able to borrow up to 26,250 (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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