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Freehold Convenience Store Plus 5-bed Accommodation For Sale

Crewe Cheshire
Large FREEHOLD convenience store with huge potential to improve turnover sells news, cigs, alcohol, bill-payer etc, with alarm, EPOS till system and CCTV-16 cameras, comes with completely separate 5-bed FREEHOLD accommodation currently fully let. Freehold to buy Freehold Convenience Store Plus 5-bed Accommodation For Sale is located in Cheshire.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 43875
ADVERT IMPRESSIONS : 11,868 TIME(S)

 
BUSINESS SECTOR: Retail
TRADE TYPE: Convenience Stores
SALE: Private Sale

FREEHOLD:

£260000 + 35000
 

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BUSINESS DETAILS:

This FREEHOLD single front-bayed Convenience Store was established over 100 years ago and resides in a densely populated residential area. Turnover 5/6 years ago was £7,500 per week, and is now £1,500 per week plus up to £2k per week on Payzone. The drop in trade is due to personal finance commitments of the owner and poor management of the shop and has huge potential for improvement. Once the shop is fully-restocked with its ample 898 square footage trade improvement will be immediate and limitless. There is a middle room equipped to make and sell hot/cold food. There is a also a wine-cellar plus back room where dried pet foods are made-up. There is little competition with only very small off-licence and newsagents within 15 minutes walk. There is one F/T employee and 4 P/T employees but all will leave on completion of sale if required, with no fuss. The shop fixtures and fittings comprises: large open-deck chiller, 2 freezers, 1 ice-cream freezer, pop/alcohol chiller, air-conditioning unit, EPOS-till system, alarm-system with red-care and CCTV-16 cameras system, plus pc and printer in the office. Reason for sale is because the owner has run out of cash to keep the shop fully stocked because of outside financial commitments and has another full-time job so cannot manage the shop himself. Trading hours are 8am - 10pm mon-sat, 8am -9pm sunday. The shop comes with completely separate FREEHOLD 5-bed accommodation with large-fitted kitchen, large lounge and 2 bathrooms (shower and bath), good-sized garden and garage. The house has had a new combi-boiler fitted with the last 12 months. The house is fully-let as a shared house on a month-by-month basis and was completely redecorated within the last 18-months. There are TV and broadband facilities in each room. There is an outside toilet and garden-shed. The house yields £1600-1700 rent per month or £19,200 - 20,400 per annum. Tenants can be given 1-months notice to leave. The reason we bought the property and business was to combine property investment with a business at a price we could afford. The accommodation above the shop is accessible only from the accommodation and not from the shop, thus providing complete living privacy from the business. We found the unique layout of the accommodation and shop very attractive. Plans were approved several years ago to convert the area above the shop into a self-contained 2-bed flat which i still have. Although the planning permission has expired they could be passed to the council again and approved with little difficulty. This sale provides a unique opportunity for anyone with the vision to take this business forward plus you have the back-up of the rent if you need it. The shop many years ago used to be a chippy and we always thought of converting part of the middle room, wine cellar plus garage to a chippy so you'd have 2 businesses in one subject to planning permission. It's important to notice sale price is £260k for bricks and mortar and £35k for the business, totalling £295k.
   
  EXPIRED - AWAITING DELETION
   

REFERENCE:

43875 / RightBiz
   
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