Well Equipped Bedfordshire Convenience Store CTN Off Licence For Sale

Business description

Ample Parking (Pay & Display)

SPACIOUS SALES SHOP with electric shutters, probably in the region of 1,500 sq. ft. sales area. 2 air conditioning units including hot air facility. Suspended ceiling, fluorescent lighting, non-slip floor. The equipment includes counter, 2 tills with EPOS scanning system (under maintenance contract), 2-3.75m open cool display units (including 1 new Arneg unit approx. 2 months old), 1-5m open cool display unit (used for beers and wines), 2-2m greeting card display stands, magazine display shelving, 3-tier ice cream deep freeze, CCTV system with 16 cameras, 2 monitors plus hard disk recording, modern adjustable shelving, display gondolas etc.

Stockroom
Office
Staff cloakroom with w.c. and wash hand basin
Staff kitchenette area

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease the present lease having approximately 8 years unexpired at a rental of £29,000 p.a. exclusive of rates up to 2014, with rent to be agreed thereafter. In addition we understand there is a service charge which includes the rental for the 4 parking spaces at rear of shop plus including pest control, cleaning the outside areas of the building plus insurance. We understand the current service charge is £1,220 every 3 months.

Uniform Business Rates: £12,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED SELF SERVICE CONVENIENCE STORE, COMBINED WITH FULL FREE OFF LICENCE WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT UNDER AN ACTIVE HUSBAND AND WIFE TEAM.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Situated in a parade, busy road, residential area, BEDFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £14,500 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900/£1,000 p.w. Gross profit 23% approx. In addition the business has on line national lottery plus scratch cards and we understand this provides a further revenue of approximately £250 p.w. The business also has Paypoint and we understand this provides a further commission of approximately £100 p.w. As will be appreciated the income from the on line national lottery plus Paypoint is at present in excess of £17,500 p.a. We are further advised that the draft management accounts for the period 5th July, 2010 to the 30th September, 2011 showed sales of £744,669 with a gross profit of £146,099 i.e. 19.62%.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION (£30,000/£35,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

6 a.m. - 11 p.m. seven days per week

Employees:

At present operated under management. Staff employed 1 full time manager plus 1 additional full time staff and 5 part time staff. Wages paid in the region of £1,000 p.w. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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