Detached Self Service Convenience Store, News, Confectionery, Tobacco, Full Free Off Licence | | Undisclosed Herefordshire | | Busy road, residential area, HEREFORDSHIRE | | ADVERT NUMBER : 60828
ADVERT IMPRESSIONS : 7,438 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £347500 | LEASEHOLD: | £87500 | | | | | BUSINESS DETAILS: | Features : IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,200 sq. ft. sales area. Shop all newly fitted we understand approx. 3 years ago. Non-slip floor, fluorescent lighting, modern adjustable shelving, 2-3.75m open cool display chillers (1 used for soft drinks whilst the other is used for wines and beers), 1-2.6m open cool display unit (used for dairy produce), counter, EPOS scanning system with till, 3 centre display gondolas etc.
Stockroom with shelving
Staff w.c. and wash hand basin
Location : Busy road, residential area, HEREFORDSHIRE
Opening Hours : 6 a.m. - 10 p.m. seven days per week
Turnover : We are advised by the present owner that the business commenced trading approx. July, 2010 and we are further advised that the turnover is currently in the region of £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. We are further advised that the gross profit is in the region of 24%.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the shop with living accommodation over at a rental of £20,000 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 over not be required, the vendor, subject to satisfactory references, is prepared to grant a new 20 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the shop only (excluding the living accommodation) for the first 5 years, with rent review at that time and thereafter every 5 years.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £87,500 plus STOCK AT VALUATION (£25,000/£30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £347,500 plus STOCK AT VALUATION (£25,000/£30,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over DOUBLE GLASED and with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £1,000 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
4 Double Bedrooms
Fully tiled shower room with shower, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Outside : Yard at rear
Staff : At present operated under management. Staff employed 1 full time manager plus 2 full 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 | | | | | | | | | | | |
