Supermarket in Kings Lynn For Sale

Situated in a parade, busy road, NORFOLK KINGS LYNN

Turnover £ 15,000
Price £110,000

Features

Profitable Full Free off Licence Plus Self Service Convenience Store

SPACIOUS SALES SHOP with laminated strip floor. Well equipped including counter, 1 till with scanning system, 1 glass topped chest display deep freezer, 1-3.75m open cool display unit, 1-1m open cool display unit, modern adjustable shelving, centre display gondola etc.

Stockroom with shelving
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is currently £15,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 24%. The business has an agency for Paypoint & we understand this provides a commission of approximately £90 p.w. In addition there is an external ATM machine which we understand provides an income in the region of £600 per month.

Staff

At present operated by the vendor with the assistance of his brother & mother both on a part time basis

Trading Hours

6 a.m. - 11 p.m. seven days per week

Accommodation

The accommodation situated on the ground floor to the rear of the shop comprises a STUDIO FLAT with FULL GAS FIRED CENTRAL HEATING, comprising:

Living Room/Bedroom
Bathroom with bath, w.c. & wash hand basin
Kitchen

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £9,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 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 £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote