General Store News Off Licence & Flat For Sale

Business description

Rainhill, Prescot

Main Road Location

Good Residential Area

Paypoint + Cash Machine

Two Bed Flat

Eight News Rounds

Leasehold

Business History:
The vendor advises that the business is long established. He purchased the business in June 2007 and is now wishing to sell because he is relocating to a different area.

Business Profile:
General store with news and off licence together with paypoint and a cash machine. The business benefits from eight morning rounds and four evening deliveries.

Shop:
Double fronted shop with vinyl floor covering and carpet, panelled ceiling and lighting together with wall cladding and shelving. Fixtures include a dairy chiller together with two large Coca Cola cabinets (on loan) and magazine displays.

Store Room & Kitchen:
Base units plus stainless steel one and a half bowl sink and drainer together with worktops and wall cupboards.

Toilet:
With wc and wall mounted wash basin.

First Floor:
This is accessed from within the shop or by metal staircase from the side of the property.

Landing:
Radiator

Kitchen:
Vinyl floor covering, base units and worktops together with a stainless steel sink and drainer. Integrated electric cooker with a separate gas hob, partly tiled walls and plumbing for a washing machine.

Exit:
Metal staircase leading to rear yard areas.

Bathroom:
This comprises a bath, wc and pedestal wash basin together with an airing cupboard.

Lounge:
Carpet, radiator and gas fire.

Bedroom No. 1:
Carpet and a radiator.

Bedroom No. 2:
Carpet.

Outside:
The ground floor exit has a metal gate. The yard has a concreted surface and has exit gates leading to a rear service road. The vendor advises that he has two vehicle spaces within the service road.

Staffing:
Two full time owners together with two part time staff plus newspaper delivery staff.

Fixture & Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
The vendor will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. The vendor will be pleased to negotiate a new lease at a rent of £13,000pa. Alternatively the vendor will be pleased to sell the freehold to include the business at £225,000. Jolley & Co. have not examined any proposed lease documentation and have not seen any title documentation relating to the freehold. A buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
St. Helens Borough Council have verbally provided the following information: Rateable Value: £6,500. Rates Payable 2009/10: £3,152.50p. Small Business Rate Relief may be claimable upon application.

Price:
£45,000 for the goodwill, fixtures and fittings plus sav.

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located on a busy main road linking the M62 with Rainhill and Prescot. The premises are located in a good residential area. The business also benefits from being close to a church, the ex service mens club and Rainhill High School.

Other information

Trading hours:

Opening Hours:
6:30am - 8:00pm seven days a week.