Business for sale

Business description

Turnover: WE ARE INFORMED the turnover currently averages £9,000 p.w. in our opinion offering tremendous potental for further increase in the right hands. Wholesale newsbill £550 p.w. Gross profit 24% approx. In addition the business has a Paypoint and we understand this provides a further turnover of approx. £4,000 p.w. providing a commission in the region of £50 p.w.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features SPACIOUS SINGLE FRONTED SALES SHOP approx. 700/800 sq. ft. sales area with non-slip floor, suspended ceiling. Air Conditioned. The equipment includes modern adjustable shelving, 1 greeting card display stand, 3 glass topped chest deep freezes, 4 upright double door glass fronted display fridges, 3 upright single door glass fronted display fridges, 2 electronic cash registers, counter etc.

Stockroom with shelving and basement storage with shelving
Staff cloakroom with w.c. and wash hand basin


Staff The business is at present operated by a husband and wife team with the assistance of 1 part time staff.


Opening Hours Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 8 p.m.


Accommodation The accommodation all newly refurbished and in GOOD CONDITION, comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Large Lounge with newly fitted kitchen area


Tenure We understand the premises are held on a secure renewable lease for a period of 20 years from the 18th December, 2006 at a rental of £20,000 p.a. exclusive of rates up to December, 2010, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,300 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : G4983