Business for sale

Business description

Situated end of parade, residential area, Middlesex

We are informed the turnover averages £9,000/£10,000 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 Paypoint and we understand this provides a commission of approx. £40/£50 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION (£40,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features SPACIOUS SALES SHOP approx. 1,100 sq. ft. sales area with fluorescent lighting, ceramic tiled floor. Fully equipped including 2 open cool display units, 3 glass topped chest display deep freezes, 1 upright glass fronted display deep freeze, checkout counter, 2 electronic cash registers, modern adjustable shelving etc.

Stockroom with shelving
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 and 1 part time staff.

Opening Hours Monday - Saturday inclusive - 10 a.m. - 10.30 p.m.
Sunday opening - 10 a.m. - 9.30 p.m.

Accommodation The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen with fitted units
Outside Large garden at rear

Tenure We understand the premises aer held on a secure renewable lease from a private landlord having approximately 18 years unexpired at a rental of £21,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,800 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION


Reference : G5017