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Convenience Store with Off Licence in Blackwood For Sale

Convenience Store with Off Licence in Blackwood For Sale
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Register to see map and to make an appointment Situated end of terrace, residential area SOUTH WALES BLACKWOOD

Turnover 10,000
Price 59,000

Features

Spacious well Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

SPACIOUS DOUBLE FRONTED SALES SHOP (with Electric Shutters) approximately 1,700 sq. ft. sales area, with ceramic tiled floor, suspended ceiling with concealed lighting. 2 air conditioning units. Display gondolas, 2 open Coca Cola drinks display fridge (on loan), 3-2.5m open cool display units (2 used for beers whilst 1 is used for milk), 1 additional 1m open cool display unit (also used for milk), 2 large sliding topped chest display deep freezers, 1 touch screen till with EPOS scanning system, additional electric cash register. CCTV system with 10 cameras, 2 monitors plus recording etc.

450 sq. ft. stockroom with shelving
Office
Kitchen area with sink
2 staff cloakrooms each with w.c. & wash hand basin

2 large basements, one with electric shutter for vehicular access - ideal for storage purposes

Turnover

WE ARE INFORMED the turnover averages 10,000 p.w. in our opinion offering further potential to increase in the right hands with a Gross Profit of 27% approx. Wholesale newsbill 400/500 p.w. In addition there is an external ATM machine on rental & we are advised this provides a fixed commission of 4,000 p.a. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Paypoint.

Staff

At present operated by the vendor on a part time basis with 2 of his relatives on a full time basis plus 1 full time & 2 part time staff.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 9.30 p.m.
Saturday opeing - 7.30 a.m. - 9.30 p.m.
Sunday opening - 8.30 a.m. - 8.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of 16,000 p.a. plus VAT exclusive of rates for the next 3 years, with rent to be agreed thereafter. We are advised the Landlord had indicated that the rent will remain unchanged at the next rent review (2018.)

Uniform Business Rates: NIL (after 100% small business relief)

EPC Rating E (101)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 59,000 plus STOCK AT VALUATION (20,000/25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,500 (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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