Business for sale

Business description

39500Situated in a parade, densely populated residential and commercial area, Middlesex

We are informed the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £180 p.w. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets and we understand this provides a commission of approx. £45 p.w. The business also has a Payzone and we understand this provides a further commission of approx. £25 p.w.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Electric shutters to -

DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, large open cool display unit, ice cream deep freeze (owned), counter, electronic cash register etc.

Stockroom partly shelved
Staff cloakroom with w.c. and wash hand basin

Staff The business is at present operated by a lady vendor.

Opening Hours Monday - Friday inclusive - 6.30 a.m. - 6 p.m.
Saturday opening - 7 a.m. - 5 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection there is potential for additional opening hours.

Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of £10,200 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £1,200 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : G5053