Business for sale

Business description

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

We are informed the turnover averages £7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. In addition, the business is agents for the sale of bus passes, electric top up cards and has a cash machine (owned) we understand that this provides a commission of £75p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION (£28,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Spacious single fronted Sales Shop with lino floor, fluorescent lighting. Air Conditioning. Fully equipped including modern adjustable shelving, 2 upright double door drinks display fridges (owned), 2 open cool display units, counter, electronic cash register, ice cream deep freeze (owned) etc.

Stockroom

Staff cloakroom

Staff The business is at present operated by 2 partners with the assistance of 1 part time staff.

Opening Hours Sunday - 10 a.m. - 10 p.m.
Monday - Thursday inclusive - 9 a.m. - 10.30 p.m.
Friday & Saturday - 9 a.m. - 11 p.m.

Accommodation The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £1,100 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

4 Bedrooms (2 doubles, 2 singles)
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen with fitted units

Tenure We understand the premises are held on a secure renewable lease having approx. 9 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £4,000 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION


Reference : C6716