Business for sale

Business description

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

We are informed the turnover averages £2,500/£3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand included in the turnover is approx. £500 p.w. in respect of flowers). Wholesale newsbill £600 p.w. Gross profit 24% approx. In addition, bus passes are sold and we understand this provides a commission of approx. £50 p.w. Post Office salary £45,000 p.a. approx. (incl. commission in respect of the sale of on line national lottery and scratchcard).

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Spacious double fronted Sales Shop approx. 500 sq. ft. sales area. Air conditioned. Woodstrip floor, suspended ceiling with concealed lighting. Well equipped including new retail counter, modern adjustable shelving, cigarette gantry (on loan), large glass sliding topped chest display deep freeze, ice cream deep freeze (owned), open dairy display unit, 2 upright single door soft drinks display fridges (on loan), 2 revolving card display stands (including 1 on loan). Post Office Counter with anti-bandit screen. CCTV system with 4 cameras, 1 monitor plus 7 day recording etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Staff The business is at present operated by a lady vendor with the assistance of 1 full time staff in respect of the sub post office. 4 morning newsboys employed. Delivery charge £1 p.w. (pensioners we understand are charged 50p p.w).

Opening Hours Monday - Saturday inclusive - 6.30 a.m. - 6.30 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of on line national lottery tickets.
Sunday opening - 6.30 a.m. - 2 p.m.

Accommodation We understand there is a SELF CONTAINED FLAT over, available as an optional extra from the same landlord at a rental of £700 per month. The flat comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen
Outside Yard at rear.

Tenure We understand the premises are held on a secure renewable lease having approximately 5 years unexpired at a rental of £9,400 p.a. exclusive of rates up to April, 2009, with rent to be agreed thereafter.

Uniform Business Rates: £2,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : G4621