Business for sale

Business description

Location Situated in an unopposed trading position on a recently developed residential area, Kent

We are informed the turnover averages £5,000/£5,500 p.w. in our opinion offering tremendous potential for further increase especially with additional opening hours. Wholesale newsbill £800 p.w. Gross profit 21% approx. We understand that the present owner hopes shortly to receive a lottery terminal for the sale of on line national lottery tickets.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,995 plus STOCK AT VALUATION (£16,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Ample customer's car parking. No parking restrictions.

Spacious double fronted Sales Shop approx. 650 sq. ft. sales area with tiled floor, fluorescent lighting, slats to walls, modern adjustable shelving, counter, electronic cash register, 3 display gondolas, upright double door sliding display drinks fridge, 3 upright single door glass fronted drinks fridges (1 owned, 1 on loan from Coca Cola whilst the other is on loan from Lucozade), open cool display dairy unit, large glass sliding topped chest display deep freeze, glass topped ice cream deep freeze (owned), 2 greeting card display stands (1 with gift wrapping paper section), magazine display shelving etc.

Small 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 2 part time staff.

Opening Hours Monday & Tuesday - 7.30 a.m. - 8 p.m.
Wednesday - 7.30 a.m. - 7 p.m.
Thursday & Friday - 7.30 a.m. - 8 p.m.
Saturday - 7.30 a.m. - 7 p.m.
Sunday - 7.30 a.m. - 6.30 p.m.

We are further advised that the business closes for lunch each day from 12.30 p.m. - 2 p.m. In our opinion there is tremendous potential for additional opening hours and indeed additional lines to be introduced.

Outside Service area at rear of shop, with parking for 4 cars

Tenure We understand the premises are held on a secure renewable lease for a period of 20 years from the 11th August, 1997 at a current rental of £6,500 p.a. exclusive of rates up to the 11th August, 2009, with rent review at that time and a further rent review on the 11th August, 2013.

Uniform Business Rates: £2,200 p.a.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : G4884