Superbly Fitted Nottinghamshire Convenience Store CTN & Off Licence For Sale

Business description

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 1,700 sq. ft. sales area, we understand all newly fitted in October, 2011. New tiled floor, suspended ceiling with concealed lighting. The equipment includes 2-3.75m open cool display units (1 used for soft drinks whilst the other is used for dairy produce), 2 additional open cool display units in the region of 3.75m in total (1 used for beers whilst the other is used for wines), 4 large glass topped chest display deep freezes, bake-off oven (on loan), counter, till with EPOS scanning system. CCTV system with 16 cameras plus hard disc recording.

Large stockroom partly shelved
Office
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 approximately 14½ years lease at a rental of £10,400 p.a. exclusive of rates for the next 4½ years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade of 3 shops, busy road, residential area, NOTTINGHAMSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £200 p.w. Gross profit 22% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £127,500 plus STOCK AT VALUATION (£40,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Thursday inclusive - 7 a.m. - 10 p.m.
Friday & Saturday opening - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Employees:

The business is at present operated under management. Staff employed the vendor's brother-in-law as manager on a full time basis plus 1 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance