Spacious Counter News, Confectionery, Tobacco, Convenience Groceries, Full Free Off Licence, National Lottery, Payzone, Travel West Midlands Agents | | Undisclosed West Midlands | | Situated in a High Street parade, busy road, residential and commercial area, WEST MIDLANDS | | ADVERT NUMBER : 46992
ADVERT IMPRESSIONS : 15,501 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £175000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS SALES SHOP recently enlarged (completed March, 2010) providing a total grond floor area of 3,350 sq. ft. approx with a sales area in the region of 2,600 sq. ft. New fascia. Ceramic tiled floor, fluorescent lighting, 6-2.2m display chest deep freezes, 1 upright 1.2m double door glass fronted display deep freezes (used for ice cream and desserts), 1 further impulse ice cream multi-deck freezer, 1 double door glass fronted display fridge (on loan and used for milk), 3-12m open deck cool display units (2 on loan from Lucozade and 1 on loan from Coca Cola), 3-1m double door chillers used for beers and wines, 2 tills with EPOS scanning, counter, shelving, display gondolas, 4m greeting card display, 3m gifts and birthday goods display etc.
Large rear stockroom in the region of 660 sq. ft.
Office 80 sq. ft. approx. (currently used as a store)
Staff/disabled cloakroom with w.c. and wash hand basin
Location : Situated in a High Street parade, busy road, residential and commercial area, WEST MIDLANDS
Opening Hours : 6 a.m. - 10 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £13,500 p.w. in our opinion offering tremendous potential. The turnover reflects previous sales of 900 sq, ft. shop plus increasing sales since March when the extension was completed. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery and scratch cards and we understand that this provides a commission of approx. £265 p.w. (Sale £4,900 approx) The business also has Payzone which we understand provides a further revenue of approx. £70 p.w. (Sales £6,000 approx.) In addition there is a further income of approx. £60/£70 p.w. from West Midlands (Sales £3,000 approx.)Travel and a further £25/£30 p.w. from a cash machine. Currently the total commission recived per years is in excess of £20,000.
In our opinion the business offers tremendous potential for further development in the right hands.
Tenure : The vendor owns the freehold and in respect of the shop premises is prepared to grant a new 25 years full repairing and insuring lease at a rental of £27,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£35,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation, as an optional extra. There is a SELF CONTAINED FLAT over available at an initial rental of £400 per calender month. The FLAT comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
There is also the option of a second 2 Bedroom FLAT,currently rented to a member of staff.
Staff : The business is at present operated by the vendor on a part time basis with the assistance of 4 full time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
