Discount Store With Full Free Off Licence For Sale

Business description

ATTRACTIVE SINGLE FRONTED MEDIUM SIZED SALES SHOP (due for refit shortly) with woodstrip floor, fluorescent lighting. The equipment includes counter, electronic cash register, 1 open cool display unit (used for beers, wines, juices and soft drinks), chest deep freeze (not used), ice cream deep freeze (also not used at present).

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

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 20½ years unexpired at a present rental of £17,600 p.a. exclusive of rates for the next 6 months with rent review at that time for the next 5 years. The present tenant does not anticipate any increase. We are further advised that the rent reviews are every 5 years.

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE DUE TO ILL HEALTH

Location:

Situated in a parade, excellent main road trading position, MIDDLESEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit we are advised in the region of 30%. In addition the business is agents for Western Union and we understand that this provides a further revenue of approximately £200/£300 per month.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£10,000/£15,000 approx) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Summer Months - 9.30 a.m. - 9 p.m.
Winter Months - 9.30 a.m. - 8 p.m.
(We understand that the licence for the sale of wines, beers and spirits allows the sale until 11 p.m. each day).

Employees:

At present operated by the vendor with the assistance of his father.

Other information

Financing available:

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