Spacious Convenience Store with Off Licence and On Line National Lottery For Sale

Business description

Established in ultra modern premises approx. 4 years ago and newly fitted in September, 2008 at we understand a copy of approx. £100,000.

IMPRESSIVE & SPACIOUS SALES SHOP with double door. Approx. 2,700 sq. ft. sales area, ceramic tiled floor. 5 tills with EPOS scanning, large 8m cool display section (for dairy produce and milk), 1-3m cool display unit (used for fruit and greens display), 1-3m cool display unit (for soft drinks), 1-2.5m cool display unit (used for sandwiches and pies), 1-3m cool display unit (used for wines and beers), 3m upright run of display deep freeze, modern adjustable shelving, display gondolas, 1m hot display cabinet, coffee machine etc.

Large Stockroom approx. 1,000/1,200 sq. ft.

Staff cloakroom

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on an Under-Lease, the present lease having approximately 7½ years unexpired at a rental of £74,000 p.a. exclusive of rates up to December, 2011, with rent to be agreed thereafter. We understand the lease is outside the Landlord & Tenant Act.

Uniform Business Rates: £30,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A HIGHLY PROFITABLE SELF SERVICE CONVENIENCE STORE, COMBINED WITH FULL FREE OFF LICENCE IN THIS EXCELLENT TRADING POSITION.

RECOMMENDED FOR EARLY INSPECTION

Location:

Excellent High Street trading position, sought after NORTH YORKSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £45,000 p.w. in our opinion offering further potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 20% 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 approx. £225 p.w. We are further advised that the sales year ending 31st July, 2009 showed £2,122,851 with a gross profit of £417,422. It should be noted that the purchase of this business will be conditional upon entering into a Supply Agreement with Budgens, full details available upon request.

Reasons for selling:

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£60,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - Thursday inclusive - 8 a.m. - 10 p.m.
Friday & Saturday - 8 a.m. - 11 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.