Business for sale

Business description

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

We are informed the turnover currently averages £2,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of newspaper deliveries, additional opening hours and indeed with the sale of wines, beers and spirits, subject to obtaining the necessary licence. Gross profit 20% approx. The business is agents for the sale of bus passes and we understand that this produces a commission of approx. of £170 p.w. The premises also have an ATM machine (owned) and we understand that this provides a further income of approx. £1,000 per month

Price TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Outstanding opportunity to acquire an old established Counter News, Confectionery, Tobacco business. The present vendors extended and refitted the shop in 2004 at we understand a cost of £60,000.

At present the business is operated on restricted opening hours and in our opinion the business offers tremendous potential for further increase with additional opening hours, newspaper deliveries and indeed with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Off Licence.

The Business has been in the same hands for the past 22 years and is for sale due to the vendor's ill health.

Spacious double fronted Sales Shop approx. 650 sq. ft. sales area. Air Conditioned. Tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, centre display gondola, 5 greeting card display stands (4 with drawers under plus 1 with gift wrapping paper section), large open display chiller unit for soft drinks and milk, cigarette gantry (on loan), 3 ice cream deep freezes (owned), counter, electronic cash register etc.

Rear staff room
2 Storerooms
Kitchen plus shower room with shower, w.c. and wash hand basin

Staff The business is at present operated by the vendor's wife and no staff are employed.

Opening Hours At present Monday - Friday inclusive - 8 a.m. - 6 p.m.
Closing 12 noon - 2 p.m. for lunch
Saturday & Sunday opening - 8 a.m. - 6 p.m. (on these 2 days the business is not closed for lunch)

Outside Parking at rear for 1 car

Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £2,800 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : C6645