Well Established CTN With Greeting Cards In Bedfordshire For Sale

Business description

The business has been in the same hands since 1990 and is now solely offered for sale due to the vendor's retirement.

ATTRACTIVE SINGLE FRONTED MEDIUM SIZED SALES SHOP probably in the region of 350 sq. ft. sales area with tiled floor, fluorescent lighting and fully equipped including 3 single door glass fronted drinks display fridges (all on loan), 2 greeting card display stands with drawers, ice cream deep freeze (owned), counter, electronic cash register, photocopier (on loan), magazine display shelving etc.

Stockroom
Staff 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 11 years unexpired at a rental of £14,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after full relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1990 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £525 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitchen with fitted units

Location:

Situated in a parade, busy road, close to town centre, BEDFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering further potential to increase, especially with additional opening hours and with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licences. Gross profit 22% approx. Wholesale newsbill £1,200 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £130 p.w. The business also has Payzone which we understand provides a further commission of approximately £30 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£12,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5 a.m. - 6 p.m.
Sunday opening - 5 a.m. - 3 p.m.

Employees:

The business is at present operated by a husband and wife team. 8 morning newsrounds. Delivery charge £1.80/£2 p.w.

Other information

Financing available:

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