Convenience Store News Confectionery Tobacco Free Off Licence For Sale

Business description

SPACIOUS SALES SHOP probably in the region of 650/700 sq. st. sales area with tiled floor, suspended ceiling with concealed lighting and well equipped including modern adjustable shelving, magazine display shelving, 2m open cool display unit (used for soft drinks), ice cream deep freeze (owned), 2 centre display gondolas, 2.5m open cool display unit (used for milk and dairy produce), 2.5m open cool display unit (for wines and beers), greeting card display stand, counter, electronic cash register, hot drinks machine (owned). CCTV system with 6 cameras, monitor plus recording.

Stockroom
Staff w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We undestand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,250 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £600 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitche (newly fitted units)

Location:

Busy road, residential area, BEDFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400 p.w. Gross profit 22% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 9 p.m.

Employees:

At present operated by 1 partner with the assistance of 2 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance