Profitable old established self service convenience store, full free off licence
Business for sale
Asking Price:
£110,000
Turnover:
£468,000
Annual profit:
£65,707
Audited accounts:
Yes
Management accounts:
Yes
Business description
Profitable old established self service convenience store, full free off licenceThis business is located in derbyshire.
Turnover we are informed the turnover averages £9,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 18% approx. In addition, the business has a payzone and we understand this provides a commission of approx. £120 P.w.
Price to include the secure lease, goodwill, fixtures & fittings £110,000 plus stock at valuation (£35,000/£40,000 approx)
substantial loan to an approved applicant
Features forecourt to - Spacious double fronted sales shop approx. 29Ft wide x 38ft depth providing a sales area in the region of 1,100 sq. Ft. Fully equipped including modern adjustable shelving, 2 deep freezes, 1 open cool display unit, 3 upright double door drinks display fridges, 2 single door drinks display fridges, ice cream deep freeze, counter, electronic cash register with scanning plus 1 additional cash register etc.
3 Stockrooms
staff w.c. With wash hand basin
Staff - the business is at present operated by the vendor with the assistance of 1 full time and 1 part time staff.
Opening hours monday - friday inclusive 8.30 a.m. - 10 P.m.
Saturday opening - 9 a.m. - 10 P.m.
Sunday opening - 10 a.m. - 10 P.m.
The accommodation in the form of a flat over at present comprises:
5 Bedrooms (4 doubles, 1 single)
bathroom with bath, w.c. And wash hand basin
separate shower room with shower, w.c. And wash hand basin
It would be appreciated upon inspection that 1 of the bedrooms could readily be used as a living room with 1 of the additional bedrooms being converted to a kitchen.
Outside yard at rear with parking space for 1 car
Tenure the vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £20,000 p.a. Exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform busienss rates: £2,400 p.a. Approx. + Water rates
The business has been in the same hands for the past 25 years and is now offered for sale due to the ill health and retirement
Recommended for early inspection
reference : g5060
Employee details
Fulltime staff:
1
Parttime staff:
1
