Gloucestershire Self Service Convenience Store CTN & Off Licence For Sale

Business description

NO PARKING PROBLEMS

Electric shutters to SINGLE FRONTED SALES SHOP in the region of 350 sq. ft. sales area with woodstrip floor and well equipped including counter, 1 till with scanning system, 2 open cool display units, 1 upright glass fronted deep freeze, 1 glass fronted chest deep freeze, modern adjustable shelving etc.

Kitchen area with shelving
Staff w.c.
Shower room
Small additional stockroom (no shelving)

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £14,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated end of terrace, residential area, sought after COTSWOLDS TOWN

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £550/£600 p.w. Gross profit we understand to be in the region of 25% 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 further revenue of approximaterly £100 p.w. In addition the business also has Paypoint which we understand provides a further commission of approximately £15 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£14,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening 8 a.m. - 8 p.m.

Employees:

At present staff operated. Staff employed 2 full time plus 1 part time staff. It will be appreciated upon inspection that with 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