Business for sale

Business description

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

We are informed the turnover averages £2,000 p.w. in our opinion offering tremendous potential to increase, especially with additional opening hours and indeed with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary off licence. Gross profit 20% approx. Post Office salary £55,000 p.a. approx. (including lottery commission of approx. £300/£350 per month).

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£9,000 approx)SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features SINGLE FRONTED MEDIUM SIZED SALES SHOP newly fitted. Non-slip industrial floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 1 open cool display unit (on loan from Coca Cola), centre display gondola, counter with electronic cash register plus Post Office combination counter. In addition, there is a Post Office counter with anti-bandit screen (3 positions plus parcel hatch) etc.

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 1 part time staff.

Opening Hours Monday - Friday inclusive - 8.30 a.m. - 5.30 p.m.
Saturday opening - 8.30 a.m. - 1.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours.

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 £10,500 p.a. however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Large fully fitted kitchen

In addition there is a first floor balcony at rear

Outside Yard at rear

Tenure We understand the premises are held on a secure renewable lease having 18 years unexpired from April, 2008 at a rental of £15,000 p.a. exclusive of rates up to April, 2011, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION


Reference : G5099