Discount Shop For Sale - Essex, Essex, United Kingdom

Asking price: £199,950

Sales revenue: £676,000

Business description: Large Car Park at rear of parade for up to 50 cars.Spacious triple fronted SALES SHOP approx. 2,200 sq. ft. with tiled floor, suspended ceiling. The equipment includes modern adjustable shelving, centre display gondola, 2-12ft open cool display units, 1-16ft open display deep freeze, 2 electronic cash registers. CCTV system with 7 cameras, 2 monitors plus recording.Large stock area at rear approx. 600 sq. ft. with walk-in coldroom, baling machine (recently installed at a cost of £6,000 for compressing cardboard)Staff cloakroom with w.c. and wash hand basin

Employees: The business is at present operated by the vendor with the assistance of 3 full time staff.

Trading hours: Monday - Saturday inclusive 9 a.m. - 6 p.m. NO SUNDAY TRADING

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease having approx. 17½ years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 1½ years, with rent review at that time and thereafter every 4 years. RECOMMENDED FOR EARLY INSPECTION Uniform Business Rates: £10,000 p.a. approx.

Location: Situated in a parade, large residential area, ESSEX

Expansion potential: WE ARE INFORMED the turnover averages £13,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 28% approx.

Reasons for selling: Offers Invited To Include The Secure Lease, Goodwill, Fixtures & Fittings In The Region Of £199,950 Plus Stock At Valuation (£60,000 Approx). Substantial Loan To An Approved Applicant

Financing available? Substantial Loan To An Approved Applicant.