Business for sale

Business description

Situated in a parade, excellent main road trading position, residential area, Middlesex

We are informed the turnover averages £22,000/£23,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 22% approx. In addition, the business has an ATM machine and we understand this provides a commission of approx. £500 per month. In addition part of the shop is let as butchery and the business receives a rental of £12,000 p.a. A further area of the shop is let for the renting of videos and this provides a further rental income of £6,000 p.a.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £260,000 plus STOCK AT VALUATION (£65,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Service road in front of parade providing customer's car parking

IMPRESSIVE TRIPLE FRONTED SALES SHOP approx. 2,700 sq. ft. sales area. Refitted approx. 1 year ago at considerable expense. Non-slip floor, suspended ceiling with concealed lighting. New adjustable shelving, 6 upright double door drinks display fridges, 2 open cool display units, large open cool display unit (used for dairy produce etc), EPOS scanning system with 2 tills, counter etc.

Staff cloakroom with w.c. and wash hand basin

Container used for storage purposes

Staff The business is at present operated under management. Staff employed 1 full time manager plus 1 full time and 2 part time staff.

Opening Hours 7 a.m. - 12 midnight seven days per week

Tenure We understand the premises are held on a secure renewable lease having approximately 18 years unexpired at a current rental of £31,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years. It will be appreciated that with the rental income of £18,000 p.a. the net rental payable at the present time is only £13,500 p.a. exclusive of rates.

Uniform Business Rates: £6,000 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : G5168