Devon Well Established Convenience Store CTN & Off Licence For Sale

Business description

DOUBLE FRONTED SALES SHOP in the region of 560 sq. ft. sales area. Tiled floor, suspended ceiling with fluorescent lighting and well fitted including counter, 2 tills with EPOS scanning and back-up computer, modern adjustable shelving, display gondola, 2 glass topped chest deep freezes, dairy deck open cool display unit, 1 single door glass fronted display fridge plus 1 double door glass fronted display fridge (both used for wines and beers), ice cream deep freeze (owned), CCTV system with 9 cameras, 2 monitors plus hard disc recording.

Stairs to first floor stockroom with chest deep freeze
Office
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £2,000 p.a. approx. (after small business relief)

THIS WELL ESTABLISHED SELF SERVICE CONVENIENCE STORE WITH FULL FREE OFF LICENCE IS SITUATED IN A DENSELY POPULATED RESIDENTIAL AREA WITH THE ADVANTAGE OF 10 TOWN HOUSES BEING BUILT ADJOINING, IN OUR OPINION OFFERING FURTHER POTENTIAL FOR THE BUSINESS ONCE THESE ARE OCCUPIED.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SELF CONTAINED accommodation DOUBLE GLAZED in our opinion would benefit from the installing of Central Heating, comprises: 2 Double Bedrooms Fully tiled shower room with shower, bidet, w.c. and wash hand basin Large Lounge Fitted kitchen/dining room

Location:

Densely populated residential area, DEVON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 20% approx. 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 £150 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £45 p.w.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £350,000 plus STOCK AT VALUATION (£15,000/£16,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

6 a.m. - 9 p.m. seven days per week

Employees:

We understand the business is at present operated by the vendor (whom we understand works approximately 30 hours per week) with the assistance of 2 full time staff plus 5 part time staff. Wages paid at present in the region of £970 p.w. It will be appreciated upon inspection that an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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