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Reference G8480

Well Fitted Convenience Store in Warwickshire For Sale

Register to see map and to make an appointment Residential area WARWICKSHIRE

Turnover 6,000
Price 85,000

Features

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

SPACIOUS SALES SHOP in the region of 1,700 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Well equipped including counter, 1 electronic cash register with scanning (on loan), 1 additional electronic cash register (on loan), modern shelving, display gondolas, 1 glass topped chest display deep freezer, 3 open cool display units.

Large stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 300 p.w. (we understand newspapers were only introduced approximately 3 months ago).

Staff

The business is at present mainly staff operated. Staff employed 1 full time plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over, DOUBLE GLAZED & each let on a shorthold tenancy & providing a rental income of 700 per month. We understand that vacant possession can be given on completion, if required. Each SELF CONTAINED FLAT comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Yard at rear

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 26,728 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter. (As will be appreciated with the current rental income from the 2 self contained flats of 16,800 p.a. the net rental payable at the present time is only 9,928 p.a).

Uniform Business Rates: 6,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION (35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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