Business for sale

Business description

We are informed the turnover averages £4,000 p.w. Gross profit 22.5% approx.
* Online National Lottery sales provides an additional income of £200p.w. approx.
* Wholesale newsbill £2,000p.w.


Price: TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £599,000 plus STOCK AT VALUATION (£12,000 approx.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION £12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.


Features: Double fronted with electric shutters, medium sized premises, Electric Heaters, laminated vinyl floor, fluorescent lighting.

Fully equipped including: sales counter, electronic cash register, modern adjustable shelving, chiller, ice cream freezer, deep freezers, upright double door glass fronted drinks display fridge, greeting card display stand with drawers, etc.

* CCTV system including 3 cameras, 1 monitor and hard drive recorder.
* Stockroom at rear.
* Staff toilet with w.c. and wash hand basin.


Staff: The business is at present operated by the Husband & Wife team, no additional staff are employed. 5 newsboys employed (9 paper rounds).


Opening Hours: 7 Day week (Monday - Saturday) 6 a.m. - 7 p.m.
With the exception of Wednesday, Friday & Saturday when the business remains open until 7.30 p.m.
Sunday opening - 6 a.m - 1 pm


Accommodation THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat (also separate side entrance/passage) with Gas Fired Central Heating, Double-glazed windows, comprises:

3 Bedrooms (2 double one with ensuite, 1 Single).
Lounge/Dining Room.
Fitted Kitchen.
Bathroom with bath, w.c. and wash hand basin.


Outside Rear garden with lawn



Tenure The vendors owns the freehold and subject to satisfactory references are prepared to grant a new 15 years lease at a rental of £20,000 p.a. exclusive of rates with rent reviews every 3 years.

Alternatively, subject to satisfactory references, the vendors are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only at an initial rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £3,000 p.a. approx. plus water rates (metered).


Reference : C7168