Business for sale

Business description

We are informed the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 19% approx. Post Office salary £30,000 p.a. approx. We are further advised that the sales year ending 31st May, 2005 showed £247,139 with a gross profit of £44,269 plus commission received of £1,238 and post office salary of £26,685 providing a total gross profit of £72,195


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Forecourt area providing customer's car parking for 4/5 cars to -

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 850 sq. ft. sales area with fluorescent lighting. The equipment includes counter, electronic cash register, 2 revolving greeting card display stands (on loan), 2 glass topped chest deep freezes, 1 Walls' ice cream deep freeze (owned), 2 upright double door drinks display fridges (both owned and used for wines and beers), 1 upright double door drinks display (on loan from Lucozade), 1 open cool display unit. Post Office Counter with anti-bandit screen etc.

It will be appreciated upon inspection that the business, in our opinion, would benefit from some refitting including large open cool display units.

Stockroom
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 3 part time staff. 2 morning newsboys. Delivery charge £1.50 p.w.


Opening Hours 8 a.m. - 9 p.m. seven days per week
(It should be noted the sub post office section opens Monday - Friday from 9 a.m. - 5.30 p.m. closing 1 p.m. - 2 p.m. for lunch. Saturday opening - 9 a.m. - 12.30 p.m.


Tenure The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,349 p.a. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : G4882