Old Established Self Service Convenience Store, Fruit & Greens For Sale

Business description

This old established business has been in the same hands for the past 26 years and is situated in a densely populated residential area approx. ½ mile from the City Centre.

It should be stressed that it caters for an extensive residential area selling English, Asian, Chinese, African and Caribbean foods. At present the premises are not licensed for the sale of wines, beers and spirits, however, in our opinion the premises would benefit from obtaining such a licence in order that our alcohol could also be sold.

SPACIOUS PREMISES providing a total area in the region of 4,500 sq. ft. including storage area. Lino floor, suspended ceiling with fluorescent lighting. Fully equipped including counter, 2 tills with EPOS scanning, 14 glass topped chest deep freezes, 1 open cool display unit, 1 upright double door drinks display fridge (on loan from Coca Cola), 1 upright single door drinks display fridge (on loan from Lucozade), centre display gondola, ice cream deep freeze (owned).

Butchery section at rear with 2 cool display serveover counters, 3 butchers blocks, bansaw, mincer etc.

Exentensive storage facilities

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £75,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £6,300 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS SELF SERVICE CONVENIENCE STORE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS IN THIS EXCELLENT MAIN ROAD TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Living accommodation:

The SPACIOUS private accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: Spacious Living Room 20ft x 20ft Kitchen 2 Double Bedrooms (1) very large approx. 20ft x 20ft Bathroom with bath, w.c. and wash hand basin Adjoining SPACIOUS addit

Location:

Excellent main road trading position, densely populated expanding residential and student area, within approx. 2 minutes walk of a University, STAFFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £26,000/£27,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary off licence.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£60,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £1.4 million plus STOCK AT VALUATION (£60,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT