Convenience Store with Off Licence for sale in Berkshire
Business for sale
Asking Price:
£45,000
Turnover:
£109,200
Annual profit:
£17,035
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Location this business is located in berkshire.turnover we are informed the turnover averages £2,100 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx.
Price to include the secure lease, goodwill, fixtures £45,000 plus stock at valuation (£5,000 approx).
Substantial loan to an approved applicant
features ample customers' car parking
Situated in a sought after locality, the regeneration of the village is well underway with 148 new residential units being built, increasing the village to over 250 houses.
Attractive single fronted sales shop approx. 75 Sq. Metres with non-slip floor, suspended ceiling with concealed lighting. The equipment includes counter, electronic cash register, glass topped chest deep freeze, modern adjustable shelving, ice cream deep freeze, upright double door display fridge, 3 upright single door display fridges etc.
Office carpeted and with sink and drainer
Disabled/staff cloakroom with w.c. And wash hand basin
staff the business is at present operated by a husband and wife team and no staff are employed.
Opening hours monday - friday inclusive - 8 a.m. - 1 P.m. & 4 P.m. - 8 P.m.
Saturday opening - 9 a.m. - 1 P.m. & 5 P.m. - 8 P.m.
Sunday opening - 9 a.m. - 1 P.m. & 4 P.m. - 8 P.m.
Accommodation although the business is a lock-up, in our opinion it should be possible to rent accommodation in the area, or indeed to buy a suitable house.
Tenure we understand the premises are held on a secure renewable lease for a period of 20 years from july, 2005 at a rental of only £3,300 p.a. Exclusive of rates up to july, 2010, with rent review at that time and thereafter every 5 years.
Uniform business rates: £1,172 p.a. However reduced to nil due to total relief as the business is the only shop in the village.
The business has been in the same hands for the past 20 years and is solely offered for sale due to the vendor's retirement.
Personally inspected and highly recommended
Must be seen to be fully appreciated
Reference : G4859