Profitable Well Equipped Brickbuilt Terraced Property Approx. 140 Year Old Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full | | Undisclosed Gwynedd County | | Situated in a terrace, residential area, NORTH WALES. | | ADVERT NUMBER : 46938
ADVERT IMPRESSIONS : 20,110 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £330000 | LEASEHOLD: | £65000 | | | | | BUSINESS DETAILS: | Features : IMPRESSIVE TRIPLE FRONTED SALES SHOP in the region of 75 sq. metres, suspended ceiling, air conditioning and well equipped including counter, 2 tills with EPOS scanning system, 3 new sliding double door display fridges (used for beers and wines), 4 single door glass fronted display fridges (3 used for soft drinks, whilst the other is used for milk), 1 triple door display fridge (used for dairy produce), 1 Lucozade double door display fridge (on loan), 1 single door Coca Cola display fridge (on loan), modern adjustable shelving, 2 display gondolas.
2 Stockrooms with shelving
Walk-in cold room
Staff cloakroom with w.c. and wash hand basin
Office
Location : Situated in a terrace, residential area, NORTH WALES.
Opening Hours : 8 a.m. - 10 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. Gross profit 22% 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. £120 p.w. The business also has Payzone and we understand this provides a further commission of between £15/£20 p.w.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease in respect of the shop with living accommodation at a rental of £19,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Alternatively should the accommodation not be required, the vendor is also prepared to grant, subject to satisfactory references, in respect of the shop premises only, a new 10 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,870 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE (in respect of the shop premises with accommodation over), GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £330,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS LUXURY accommodation all in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:
Ground Floor with traditional slate tiled floor throughout
Entrance Hall
2 Utility Rooms
Fully fitted modern kitchen including range cooker, fridge, dishwasher
Dining Room with dining table seating for 8 persons, included in the sale
First Floor with solid oak flooring
Large Lounge approx. 8m x 10m with wood burning stove and double door to deck garden area
4 Bedrooms (2 doubles, 2 large singles). 1 of the single bedrooms could readily be used as a Sun Lounge and has views of the castle.
Fully fitted bathroom including bath, shower, w.c. and double wash basin (new suite)
Outside : On the ground floor 2 patio areas
Staff : The business is at present operated by the vendor's wife on an supervisory / ordering basis with the assistance of 6 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
