Business for sale

Business description

This business is located in devon.

Turnover we are informed the turnover averages £8,500/£9,000 p.w. In our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £50 P.w. In addition, an atm machine has recently been installed and we understand this provides a further commission of approx. £100 Per month.

Price to include the new lease, goodwill, fixtures & fittings £59,000 plus stock at valuation (£15,000 approx).
Substantial loan to an approved applicant

Or complete with the valuable freehold property, goodwill, fixtures & fittings £259,000 plus stock at valuation (£15,000 approx).
Substantial mortgage to an approved applicant

Features spacious double fronted sales shop approx. 550 Sq. Ft. Sales area with tiled floor, suspended ceiling with concealed lighting. Newly fitted in 2004. 1 Glass sliding topped chest deep freeze, ice cream deep freeze (owned), modern adjustable shelving, 2 centre display gondolas, counter, electronic cash register etc.

Small stockroom with shelving

Staff the business is at present operated by the vendor's brother-in-law with the assistance of his family plus 1 part time staff.

Opening hours monday - saturday inclusive - 7 a.m. - 10 P.m.
Sunday opening - 8 a.m. - 10 P.m.

Accommodation the accommodation double glazed and with full gas fired central heating, comprises:

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

Outside yard at side of property

Tenure the vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. Exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform business rates: £1,500 p.a. Approx. + Water rates

Recommended for early inspection


Reference : G4886