Business for sale

Business description

Ref: n550

City: Nr Canterbury, Kent United Kingdom

Property: Freehold Property included


Description
This is a well established business which has been in the present hands for some 7 years which is now only being marketed as a result of the vendors other business commitments.

TURNOVER - £365,000 P.A @ 24.8 % GP. Yr End March 2007.

NEWSBILL - £1,200 pwk (5 rounds) LOTTERY SALES - £1,500 PWK . Double fronted premises with main entrance to: Retail Area: 600 sq/ft, ceramic tiled floor, all round adjustable shelving, gondola display, 3 upright chillers (2 on loan,) dairy cabinet, 2 freezer cabinets, lottery terminal, counter with EPOS elect cash register, air conditioning unit, CCTV - Store Room: Store Room: Sep. W.C. and W/basin.

Reasons for Selling
The business has been in the current vendors hands for the past 7 years and is only now for sale due to his many other business interests.

Location and Property
Occupying a coveted trading location fronting a major road in the centre of a delightful village located some 15 minutes drive from the centre of Canterbury being surrounded by picturesque countryside and serving a well populated residential area. The business is totally unopposed and enjoys a high volume of passing trade.

Accommodation
Flat with separate entrance. Comprising: First Floor: Kitchen/Diner: st/stl sink, fitted units. Lounge: Bathroom: with full suite and shower. Double Bedroom:

OBSERVATIONS: The premises benefit from full gas fired central heating and have recently been redecorated to a high standard. We understand that planning consent exists to extend over the existing single storey shop to provide 3 further rooms. A conservative estimate for these works we are informed would be in the region of £25,000. The flat is presently let on a 6 month assured shorthold tenancy producing £525 PCM.

OUTSIDE - Store Area: to side. Car Park for 10 cars to rear. Lawned Garden: with flower and shrub borders

Trading Hours of Business
5.30am - 7pm Mon to Fri 5.30am - 7.30pm Sat 5.30am - 6pm Sun