Lock-up Self Service Convenience Store Counter News Confectionery Tobacco Full Free Off Licence Plus On Line National Lottery For Sale

Business description

Ample customer's car parking in layby

Electric shutters to DOUBLE FRONTED SALES SHOP approximately 470 sq. ft. sales area with fluorescent lighting, tiled floor. The equipment includes counter, electronic cash register, shelving, cigarette gantry (on loan), glass topped chest deep freeze, upright double door sliding glass fronted fridge, upright single door glass fronted display fridge, 1.5m open cool display unit, large glass topped chest deep freeze, centre display gondola. CCTV system with 2 cameras, 1 monitor plus recording.

Rear stockroom plus staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

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.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL, 1992 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

Available as an OPTIONAL EXTRA over the shop is a STUDIO FLAT, available on a shorthold tenancy at £7,000 p.a. The STUDIO FLAT comprises: 1 Large Bedroom/Living Room with fitted kitchen area Bathroom with bath, w.c. and wash hand basin

Location:

Situated in a parade, main road trading position, residential area, HERTFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. Gross profit last year up to April, 2010 showed we understand 23.04%. We are further advised that the sales year ending 30th April, 2010 showed £196,745 with a gross profit of £42,785. We understand the on line national lottery plus scratch cards was introduced in April, 2010 and at the present time this provides a commission of approximately £50 p.w. In addition there is Payzone and we understand this provides a further revenue of approximately £20 p.w.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 6 p.m.

Employees:

The business is at present operated by a husband and wife team with the assistance of 1 part time staff.

Other information

Financing available:

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