Profitable Well Fitted Newsagents Convenience Store For Sale

Business description

No Parking Problems

SPACIOUS SINGLE FRONTED SALES SHOP with double door, electric shutters, tiled floor, suspended ceiling with concealed lighting and well equipped including centre display gondola, modern adjustable shelving, 3-tier ice cream display deep freeze (owned), 3 upright double door glass fronted drinks display fridges (1 on loan from Pepsi Cola whilst the other 2 are on loan from Lucozade), counter, 1 till with scanning, 2 greeting card display stands with drawers plus 1 corner card display unit. CCTV system with 4 cameras, monitor plus video recording.

Small kitchen with sink
Staff cloakroom with w.c. and wash hand basin

To the rear of the property is a small outside store. In addition at rear is a garage rented at £40 per month for storage purposes.

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £12,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated end of parade of 5 shops, sought after residential area, with 2 schools nearby, HAMPSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. We understand the Off Licence was introduced in October, 2008 and in our opinion there is terrific potential for the sale of wines, beers and spirits to be improved, especially with evening opening. Wholesale newsbill £3,000 p.w. Gross profit 24% 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 approximately £80 p.w. The business also has Payzone.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £279,000 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5.30 a.m. - 7 p.m.
Sunday opening 5.30 a.m. - 12 noon only

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT