Business for sale

Business description

Occupying a corner position, end of terrace, main road trading position, residential area, Middlesex

We are informed the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £900 p.w. Gross profit 22% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Spacious single fronted sales shop with tiled floor, fluorescent lighting. The equipment includes checkout counter, electronic cash register, Walls' ice cream deep freeze (on loan), glass topped chest deep freeze, multi-deck cool display unit (on lease to be taken over), photocopier (on lease to be taken over), 1 upright double door drinks display fridge (on loan from Coca Cola) etc.

Staff cloakroom with w.c. and wash hand basin

Staff The business is at present operated by the vendor with the assistance of 1 full time staff plus 1 part time staff employed weekends. 1 news delivery person. Delivery charge £1.50/£2 p.w.

Opening Hours Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Tenure We understand the premises are held on a secure renewable lease having approximately 16 years unexpired at a rental of £15,000 p.a. exclusive of rates up to 2008, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,000 p.a. approx. (without small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION


Reference : G4941