Profitable Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence Plus On Line National Lottery | | Undisclosed Devon | | SPACIOUS DOUBLE FRONTED SALES SHOP approx. 550 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Newly fitted in 2004. 1 glass sliding topped chest deep freeze, ice cream deep freeze (owned), modern adjustable shelving, 2 centre display gondolas, counter, electronic cash register etc. Small stockroom with shelving | | ADVERT NUMBER : 16313
ADVERT IMPRESSIONS : 35,453 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £259000 | LEASEHOLD: | £59000 | | | | | BUSINESS DETAILS: | Location Situated end of parade, residential area, SOUTH DEVONOpening Hours Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 10 p.m.Turnover WE ARE INFORMED the turnover averages 8,500/9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 500 p.w. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. 50 p.w. In addition, an ATM machine has recently been installed and we understand this provides a further commission of approx. 100 per month.Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: 1,500 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTIONPrice TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 59,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 259,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation The accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted unitsOutside Yard at side of propertyStaff The business is at present operated by the vendor's brother-in-law with the assistance of his family plus 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
