Cumbria CTN Convenience Store Off Licence & Post Office For Sale

Business description

NO PARKING RESTRICTIONS

SPACIOUS SINGLE FRONTED SALES SHOP approximately 18' x 30' depth with extension at rear approximately 15 years ago providing large storeroom with shelving. The shop has partly tiled floor plus partly carpet tiled, suspended ceiling with concealed lighting, air conditioning and is well fitted including 1 greeting card display unit, modern shelving, counter, 2 tills with EPOS scanning system with back-up computer used for news accounts etc. ice cream deep freeze (used in summer), 1 single door glass fronted drinks display fridge.

Large stockroom at rear with shelving
Office
Small kitchen area
Staff w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

WE UNDERSTAND THE PROPERTY IS LEASEHOLD HAVING APPROXIMATELY 960 YEARS UNEXPIRED AT GROUND RENT OF ONLY £1 P.A. FIXED FOR THE ENTIRE TERM. (We understand from the present owners that the ground rent has not been collected for the last 10 years).

Uniform Business Rates: Nil payable at present after small business relief

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 55 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade of 7 shops, residential estate, CUMBRIA

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £14,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,700 p.w. Gross profit 20% approx. Post Office salary £48,755 p.a. (including on line national lottery ticket sales plus scratch cards providing an income last year of approximately £14,000).

Reasons for selling:

TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION (£25,000/£30,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday & Tuesday - 5.30 a.m. - 6 p.m.
Wednesday - 5.30 a.m. - 7 p.m.
Thursday & Friday - 5.30 a.m. - 6 p.m.
Saturday opening - 5.30 - 7 p.m.
Sunday opening - 5.30 a.m. - 1 p.m.

Employees:

At present operated by 2 partners (brothers, 1 brother each only working every other week) with the assistance of 4 part time in the retail shop plus 1 full time and 1 part time in respect of the Sub Post Office. 8 morning newsboys. Delivery charge 12p per day.

Other information

Financing available:

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

Leasehold asking price:

£375,000

Post office salary:

£48,755 per annum