Convenience Store Newsagents & Sandwiches In Kidderminster For Sale

Business description

Established Convenience Store. Newsagents. Sandwiches on a Busy Main Road

Taking £5.500 per week

Relatively High Gross Profits

Low Operating Costs

Leasehold Price £65.000

Description and Trade:
A well-established Business situated on a busy main road with lots of passing trade. The Business sells General Groceries. Beers. Wines & Spirits. Newspapers & Magazines. Greeting Cards. and a high proportion of hot & cold Sandwiches. Savouries. Cakes and other related lines.

Premises:
Retail Shop (around 330 sq.ft.) with suspended ceiling. The shop is well fitted with shelving. dairy deck. chest freezers and other ancillary equipment for the trade.

Preparation Area with fitted cupboards. fridge & freezer equipment. microwave oven and gravity feed slicer.

Kitchen with stainless steel surfaces. electric cooker and stainless steel sink.

Post Office (the Post office area is sublet and providing rental income of £2.250 per annum)

The Premises are protected with a burglar alarm system.

Accommodation:
There is no living accommodation.Comments:This is a very attractive unopposed Business with low operating costs.

Gross profits are high due to the mix of items sold; in particular. the sale of sandwiches and takeaway food items account for around 20% of sales.

Our Client Informs Us That:
Takings and Profitability:
The Business is presently taking £5.500 per week.

Trading accounts for year ended March 2011 show Sales £242.374 and Gross Profits £62.257 (25.6%).

Trading Hours:
6.30am 8.00pm Monday to Saturday

6.30am 12.00midday Sunday

Staff:
The Business is operated by the owner with the help of one full-time and four part-time assistants.

Tenure:
Leasehold. The Premises are held on a 5-year lease from 2009. Present gross rent payable is £7.500 per annum. with £2.250 being recovered from the Post Office.

Therefore nett rent payable is very low at £5.250 per annum.

Price:
£65.000 plus stock at valuation for the Lease. Business. Fixtures and fittings.

Property information

Property:

Leasehold