Old Established Self Service Stores Counter News Confectionery Tobacco For Sale

Business description

Ample Customer's Car Parking in front of parade

SPACIOUS SALES SHOP approx. 20ft frontage in the region of 800 sq. ft. sales area. The equipment includes adjustable shelving, centre display gondolas, counter, 2 electric cash registers, ice cream deep freeze (owned), glass topped chest deep freeze, 1 upright double door glass fronted display fridge (on loan from Coca Cola), 1 upright single door drinks display fridge (on loan from Lucozade), open cool display unit, Bake-off oven, 1 greeting card display stand with gift wrapping paper section etc.

Stockroom
Staff kitchen
Staff w.c.

Property information

Property:

Leasehold

Lease terms:

We understand that subject to satisfactory references the landlord will grant a new 12 years full repairing and insuring lease at a rental of £17,500 p.a. exclusive of rates for the first year increasing at that time to £20,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,800 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 27 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

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

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands and with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £1,600 p.w. (approx. £900 p.w. of the newspapers is sub-contracted and that person employs the necessary staff for the deliveries in the local area. We understand the owners allow him 10% of the profit in respect of these newspapers). Gross profit overall 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £140 p.w.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£10,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday & Tuesday - 7.30 a.m. - 6 p.m.
Wednesday - 7.30 a.m. - 7.30 p.m.
Thursday & Friday - 7.30 a.m. - 6 p.m.
Saturday opening - 7.30 a.m. - 7.30 p.m.
Sunday opening - 7.30 a.m. - 1 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.