Convenience Store With Off Licence For Sale

Business description

IMPRESSIVE DOUBLE FRONTED SALES SHOP approx. 1,000 sq. ft. sales area. We understand refitted in 2006 at considerable expense. Industrial non-slip floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 2 centre display gondolas, 1 ice cream 3 tier display deep freeze, 2 large glass topped chest display deep freezes, 1-5.5m open cool display unit (used for dairy produced, milk, sandwiches etc), 1-4.5m open cool display unit (used for wines and beers), counter, 2 tills with EPOS scanning system (please note the EPOS scanning system is on a lease agreement, to be taken over) etc.

Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin

Large basement used for storages purposes

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £2,500 p.a. approx. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A FREEHOLD CONVENIENCE STORE WITH FULL FREE OFF LICENCE IN THIS SOUGHT AFTER LOCALITY.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Living accommodation:

The SPACIOUS living accommodation all refurbished and with FULL GAS FIRED CENTRAL HEATING, comprises: 4 Bedrooms (master bedroom with en suite fully tiled shower room with shower, w.c. and wash hand basin), 2 additional double bedrooms plus 1 treble be

Location:

Excellent trading position, sought after residential area, ISLE OF WIGHT

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £11,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £400/£450 p.w. Gross profit 26% 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. £60 p.w. In addition the business has Paypoint and Top-ups and we understand this provides a further commission of £60 p.w. The business also has an ATM machines on loan and we understand this provides a further commission of approx. £80 p.w.

Reasons for selling:

To Include The Valuable Freehold Property, Goodwill, Fixtures & Fittings £395,000 Plus Stock At Valuation (£20,000/£25,000 Approx). Substantial Mortgage To An Approved Applicant

Trading hours:

Monday - Saturday inclusive - 7.30 a.m. - 8.30 p.m.
Sunday opening - 8 a.m. - 5 p.m.

Financing available:

Substantial Mortgage To An Approved Applicant