Business for sale

Business description

Turnover: We are informedthe turnover in respect of the Self Service Convenience Store is currently in the region of £17,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 22% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further turnover of approx. £3,300 p.w. at a gross profit of 5% providing a commission of approx. £160/£165 p.w. The business is also agents for Paypoint and we understand that there is a turnover of approx. £7,000 p.w. providing an additional commission of approx. £110 p.w.

We are further advised that the turnover in respect of the Adjoining Hot Food Takeaway is in the region of £3,000 p.w. at a gross profit in the region of 70%.


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £310,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £920,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT


Features Spacious single fronted Self Service Convenience Store with Full Free Off Licence approx. 9.26m frontage by maximum depth of 24.33m providing a net internal floor area of 205.88 sq. metres i.e. 2,215 sq. ft. (This area includes the adjoing Hot Food Takeaway).

SELF SERVICE CONVENIENCE STORE, fully equipped including industrial non-slip floor. The equipment includes counter, 2 electronic cash registers, shelving, display gondolas, 3 glass sliding topped chest display deep freezes, 1-5.6m cool display dairy unit, 2 upright double door drinks display fridges (for soft drinks and both on loan from Coca Cola), 1 open cool display unit (used for wines), 1 open cool display unit (used for beers), CCTV system with 7 cameras, 2 monitors plus hard disc recording.

Staff toilet and wash hand basin

First floor store room 114.69 sq. metres i.e. 1,234 sq. ft. with conveyor belt from the ground floor for ease of transporting incoming goods.

Separate front entrance to adjoining Hot Food Takeaway with seating area selling chicken, burgers and chips. The catering section has recently been refurbished and newly fitted at considerable expense. New ceramic tiled floor, new suspended ceiling. The equipment includes 2 Henny Penny pressure chicken cookers, HCW5 hot chicken display cabinet, 1 double deep fryer, hotplate, 1 fridge, 1 chest deep freeze etc.


Staff In respect of the Self Service Convenience Store - vendor plus 3 full time and 2 part time staff and in respect of the Hot Food Takeaway - 2 full time staff.


Opening Hours Self Service Convenience Store
Monday - Thursday inclusive - 8 a.m. - 10 p.m.
Friday & Saturday - 8 a.m. - 11 p.m.
Sunday - 10 a.m. - 10.30 p.m.

Hot Food Takeaway
Monday - Saturday inclusive - 11 a.m. - 11 p.m.
Sunday opening - 11 a.m. - 10.30 p.m.


Accommodation The accommodation which does require some refurbishment and modernisation comprises:

3 Bedrooms (2 doubles, 1 single)
Lounge
Bathroom with bath, w.c. and wash hand basin (newly fitted)


Outside Yard at rear providing parking space for 4 cars.


Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £43,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,500 p.a. approx. + water rates

PERSONALLY INSPECTION AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : G4946