Off Licence Slight Convenience & Grocery For Sale

Business description

DOUBLE FRONTED PREMISES with attractive lino tiled effect floor, suspended ceiling with concealed lighting. The equipment includes 2 double door glass fronted display fridges (owned), 1 single door glass fronted display fridge (on loan from Coca Cola), ice cream deep freeze, modern wooden shelving, counter, till with EPOS scanning system etc.

Staff cloakroom

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £10,400 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade of 5 shops sought after residential area with the advantage of a school nearby, HERTFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.

Employees:

The business is at present operated by a lady vendor with the assistance of 1 full time staff.

Other information

Financing available:

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