Fully Equipped Discount Store For Sale

Business description

We understand the business has a Premises Licence for the sale of wines, beers and spirits and in our opinion there is terrific potential to introduce the sale of wines, beers and spirits, subject obviously to obtaining the necessary Personal Licence.

SINGLE FRONTED SALES SHOP probably in the region of 600 sq. ft. sales area with non-slip floor, suspended ceiling with inset lighting, modern adjustable shelving, 3.75m open cool display unit, ice cream deep freeze (owned) etc.

Stockroom
Staff w.c. and wash hand basin

In addition there are 2 further rooms at rear, not utilized at present

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease havig approximately 13 years unexpired at a rental of £13,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Unform Business Rates: £1,250 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, busy road, residential area, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currenly averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £37,500 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

8 a.m. - 11 p.m. seven days per week

Employees:

The business is at present operated by the vendor and no staff are employed.

Other information

Financing available:

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