Business for sale

Business description

We are informed the turnover averages £8,500/£9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. Gross profit 24% approx. Post Office salary £34,000 p.a. approx. (including lottery commission of approx. £3,000 p.a).


Price: TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £149,000 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Forecourt area to -

SPACIOUS SALES SHOP approx. 2,000 sq. ft. sales area with non-slip floor, fluorescent lighting and well equipped including modern adjustable shelving, counter, till with scanning system, display gondolas, ice cream deep freeze, upright double door deep freeze, 1 upright double door dairy display cabinet, 1 greeting card display stand, 1 upright single door drinks display fridge (on loan from Coca Cola), 1 upright double door drinks display fridge (on loan from Coca Cola), 1 upright double door drinks display fridge (on loan from Pepsi Cola), 1 single door drinks display fridge (owned). 5 camera security system. Post Office counter with anti-bandit screen.

Staff cloakroom with w.c. and wash hand basin

Cellar used for storage purposes


Staff: The business is at present operated by 2 partners with the assistance of 1 of the brothers wife plus 2 part time staff.


Opening Hours: Monday - Thursday inclusive - 8.30 a.m. - 8.30 p.m.
Friday & Saturday - 8.30 a.m. - 9.30 p.m.
Sunday opening - 8.30 a.m. - 8 p.m.
(It should be noted that the Sub Post Office section opens Monday - Friday inclusive - 8.30 a.m. - 5.30 p.m. and Saturday opening 8.30 a.m. - 12.30 p.m).


Accommodation In the form of a SELF CONTAINED FLAT over, all in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units


Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant in respect of the shop with the accommodation over a new 16 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation not be required, the vendor, subject to satisfactory references, is prepared to grant a new 16 years full repairing and insuring lease in respect of the shop only (excluding the accommodation) at a rental of £16,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.


PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : G5095