Business for sale

Business description

Location this business is located in bedfordshire.

Turnover we are informed the turnover averages £14,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400 p.w.

Gross profit 20% approx. In addition the business is agents for e-top ups and we understand this provides a commission of approx. £100 P.w. We are further advised that payzone has recently been introduced and provides a commission of £70/£80 p.w.

There is also an atm machine (on loan) and we are advised that this provides a commission of approx. £700 Per month. Post office salary £30,000 p.a. Approx. (Including lottery commission of approx. £4,000 P.a.).

Price to include the secure lease, goodwill, fixtures & fittings £150,000 no offers plus stock at valuation (£50,000 approx).
Substantial loan to an approved applicant

Features spacious sales shop approx. 2,000 Sq. Ft. Sales area with tiled floor, suspended ceiling. We undersand the shop could benefit from modernisation. The equipment includes shelving, display gondolas, 6 glass tooped chest deep freezes, 3-3½ metre open cool display units, 1-2 metre open display chiller, 4 upright double door drinks display fridges (including 1 on loan), epos scanning system etc.

Staff cloakroom with w.c. And wash hand basin

Staff the business is at present operated by the vendor with the assistance of 4 full time staff.

Opening hours 7 a.m. - 10 P.m. Seven days per week
(it should be noted that the post office section opens monday - friday inclusive - 9 a.m. - 5.30 P.m. & Saturday morning from 9 a.m. - 1 P.m).

Outside yard at rear with large container used for storage purposes
parking space for 3 cars.

Tenure we understand the premises are held on a secure renewable lease for a period of 25 years from october, 2005 at a rental of £18,000 p.a. Exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform business rates: £4,500 p.a. Approx. + Water rates

Recommended for early inspection


Reference : g4641