Business description
Electric Shutters to SINGLE FRONTED SPACIOUS SALES SHOP 1,000 sq. ft. approx. with non-slip industrial floor, suspended ceiling with concealed lighting. Air conditioning unit. Well equipped including modern adjustable shelving, centre display gondola, counter, electronic cash register with combination Post Office counter, 2 open cool display units (on loan from Coca Cola), 3-tier ice cream deep freeze (on loan), upright double door glass fronted drinks display fridge (on loan from Lucozade), 3 greeting card display stands. Post Office counter with anti-bandit screen (2 positions plus parcel hatch). CCTV system with 4 cameras, 2 monitors plus recording.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease, the present lease having 14 years unexpired from July, 2011 at a current rental of £17,000 p.a. exclusive of rates up to July, 2016 with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £5,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
- Living accommodation:
- The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £10,200 p.a. however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Fully fitted kitchen
In addition there is a first floor balcony at rear
- Location:
- Situated in a parade, excellent main road trading position, densely populated residential area, MIDDLESEX
Business Operation
- Expansion potential:
- WE ARE INFOMRED the turnover averages £1,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit we are advised in the region of 40% approx. Post Office salary £45,000 p.a. approx. (including commission received from the sale of on line national lottery tickets plus scratch cards). The business also has Oyster and we understand this provides a further revenue of approximately £70 p.w
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,950 or near offer plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- Retail Shop
Monday - Saturday inclusive - 8.30 a.m. - 7 p.m.
Sub Post Office Section
Monday - Friday inclusive - 8.30 a.m. - 5.30 p.m.
Halfday Saturday closing at 1 p.m.
NO SUNDAY TRADING
- Employees:
- The business is at present operated by the vendor with the assitance of 1 part staff.
Other information
- Financing available:
- Please call Nationwide Businesses who will be pleased to help you with finance
- Post office salary:
- £45,000 per annum