Superbly Fitted Self Service Convenience Store For Sale

Business description

The business is situated in a sought residential area with the advantage of a private school close by.

SPACIOUS SALES SHOP probably in the region of 1,500 sq. ft. sales area, suspended ceiling with inset lighting. 2 air conditioning/heating units. Ceramic tiled floor. Centre display gondolas, large glass sliding topped chest display deep freeze, 1-2.75m open cool display unit (used for milk and dairy produce), 1-2m open cool display unit (used for soft drinks), double door glass fronted drinks display fridge (used for wines and beers), 5 greeting card display stands with drawers, 3 revolving card stands, 3-tier ice cream deep freeze, photo copier (on loan), counter, 2 electronic cash registers, cigarette gantry (on loan). Post Office counter with anti-bandit screen (2 positions) etc.

Small stockroom
Staff cloakroom

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 5 years unexpired at a rental of only £12,000 p.a. exclusive of rates, with reviews every 3 years.

Uniform Business Rates: £6,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, busy road, excellent main road trading position, sought after residential area, SURREY.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,000/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,500 p.w. Gross profit 23% approx. Post Office salary £50,000 p.a. approx. (including lottery commission). We are further advised that the sales year ending 30th June, 2009 showed £397,994 with a gross profit of £88,684 plus post office salary at that time of £54,683 providing an overall gross profit of £143,367.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£30,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 5.30 a.m. - 7 p.m.
Saturday opening - 5.30 a.m. - 6.30 p.m.
Sunday opening - 5.30 a.m. - 1 p.m.
We further understand the Sub Post Office section opening hours are Monday - Friday - 9 a.m. - 5.30 p.m. Saturday opening - 9 a.m. - 4 p.m.

Employees:

The business is a family run concern with the assistance of 1 staff. 7 morning newsrounds. Delivery charge £1.20 p.w.

Other information

Financing available:

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

Post office salary:

£50,000 per annum