Business for sale

Business description

Location This business is located in Gloucestershire.

Turnover we are informed the turnover averages £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,000 p.w. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of £75/£80 p.w. The business is also agents for Payzone and we understand this provides a further commission of approx. £25 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£20,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Spacious tripple fronted sales shop with carpet tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, 1 ice cream deep freeze (owned), 1 chest display deep freeze, 1 open cool display unit, 1 upright double door drinks display fridge (on loan from Coca Cola), 3 greeting card display stand with drawers etc.

Stockroom
Kitchen
Staff w.c.

Staff The business is at present operated by the vendor's brother with the assistance of his wife plus 1 part time staff. 3 newsrounds. Delivery charge 30p per day weekdays plus 50p on Sunday.

Opening Hours Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 7 p.m.

Accommodation The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Outside Garden at rear

Tenure We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 4 years unexpired at a rental of £11,500 p.a. exclusive of rates, fixed for the remainder of the term.

Alternatively, we understand the landlord is prepared to grant a new 15 years lease at a rental of £11,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,500 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : C7026