Business for sale

Business description

Location this business is located in cleveland.

Turnover we are informed the turnover averages £8,500 p.w. In our opinion offering further potential to increase in the right hands. Gross profit 22% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand that this provides a commission of approx. £250 P.w. The business also has a paypoint with we understand weekly sales of approx. £5,000 P.w. Providing a commission of approx. £50 P.w.

Price to include the secure lease, goodwill, fixtures & fittings £79,500 plus stock at valuation (£15,000 approx).
Substantial loan to an approved applicant

Features spacious double fronted sales shop with tiled floor, suspended ceiling. The equipment includes modern adjustable shelving, 1 glass topped chest deep freeze, 1 open cool display unit (used for wines and beers), 1 additional open cool display unit (used for soft drinks) plus 1 open cool display unit (used for dairy products), modern adjustable shelving, counter, 2 electronic cash registers etc.

Stockroom partly shelved
staff cloakroom with w.c. And wash hand basin

Staff the business is at present operated by a husband and wife team with the assistance of 1 full time staff.

Opening hours 7.30 a.m. - 9.30 P.m. Seven days per week

Accommodation the accommodation in the form of a self contained flat over with full gas fired central heating, comprises:

2 Bedrooms (1 double, 1 single)
bathroom with bath, w.c. And wash hand basin (new suite)
lounge
kitchen with fitted units

Tenure we understand the premises are held on a secure renewable lease having approximately 34 years unexpired at a rental of £11,000 p.a. Exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform business rates: £300 p.a. Approx. + Water rates

Recommended for early inspection


Reference : G5007