Well Established Well Fitted Convenience Store In Surrey For Sale

Business description

This well establshed business has been in the same hands for the past 35 years and is now solely offered for sale as the vendors wish to retire.

Forecourt area to ATTRACTIVE DOUBLE FRONTED SALES SHOP probably in the region of 500/600 sq. ft. sales area. Partly refitted approximately 6 years ago. Tiled floor. Well equipped including 2 display gondolas, modern adjustable shelving, counter, electronic cash register, large glass topped chest display deep freeze, ice cream deep freeze (owned), 1-3m open cool display unit, CCTV system with 5 cameras, monitor plus recording.

Stockroom

It will be appreciated upon inspection there is potential to extend the property at the rear on the ground floor to provide a larger sales area, if desired.

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £2,782 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 33 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation FULLY DOUBLE GLAZED and with new FULL GAS FIRED CENTRAL HEATING recently installed, comprises: 3 Bedrooms (1 large double with fitted wardrobes, 1 small double plus 1 single) Bathroom with bath, wash hand basin Separate w.c. Lounge Large fitted kitchen/dining room

Location:

Situated end of parade, excellent main road trading position, residential area, SURREY

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. In our opinon there is also potential to introduce newspapers, if desired. Gross profit 24% approx.

Reasons for selling:

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £550,000 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT PLEASE NOTE THE VENDOR HAS SPECIFICALLY STATED THAT IN THE EVENT OF A PROSPECTIVE PURCHASER WITHDRAWING PRIOR TO EXCHANGE OF CONTRACTS TO PURCHASE THE BUSINESS, THEY WILL BE EXPECTED TO PAY THE VENDOR'S SOLICITORS' COSTS. THE VENDOR HAS ALSO STATED THAT IN THE EVENT OF THE VENDOR WITHDRAWING PRIOR TO EXCHANGE OF CONTRACTS IN RESPECT OF AN AGREED SALE, THEY WILL REIMBURSE THE PURCHASERS FOR THEIR SOLICITORS' COSTS.

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 7.30 p.m.

Employees:

The business is at present operated by a husband and wife team with family help when required.

Other information

Financing available:

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