Spacious Well Fitted Self Service Convenience Store (including Full Grocery Selection Plus Wines, Beers And Spirits), Counter News, Confectionery, Tob | | Undisclosed West Midlands | | Situated end of parade, busy road, residential area, WEST MIDLANDS. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63344
ADVERT IMPRESSIONS : 13,664 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £900000 | LEASEHOLD: | £240000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : No Parking Restrictions
SPACIOUS SALES SHOP in the region of 3,200 sq. ft. sales area. Newly fitted. Ceramic tiled floor, suspended ceiling with concealed lighting. The equipment includes 2 counters, 2 tills with EPOS scanning system, cigarette gantry (on loan), approx. 10m open cool display unit (used for dairy produce, milk etc), 1 approx. 12m open cool display unit (used for wines and beers), 1-2.5m cool display unit (used for soft drinks), modern adjustable shelving etc.
Large stockroom in the region of 2,000 sq. ft.
Office
Staff cloakroom with w.c. and wash hand basin
Location : Situated end of parade, busy road, residential area, WEST MIDLANDS.
Opening Hours : Monday - Saturday inclusive - 8 a.m. - 10 p.m.
Sunday opening - 9 a.m. - 9 p.m.
Turnover : WE ARE INFORMED the turnover averages £20,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £250 p.w. Gross profit 24% approx. We under Payzone has recently been introduced.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease in respect of the shop with 2 flats over at a rental of £60,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (Alternatively if the 2 flats over are not required, the vendor is prepared to grant, subject to satisfactory references, a new 25 years full repairing and insuring lease in respect of the shop premises only at a rental of £45,000 p.a. exclusive of rates 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 £240,000 plus STOCK AT VALUATION (£50,000/£60,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £900,000 plus STOCK AT VALUATION (£80,000/£100,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of 2 SELF CONTAINED FLATS, comprises:
Flat No. 1. DOUBLE GLAZED AND WITH FULL GAS FIRED CENTRAL HEATING:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Fitted Kitchen
Flat No. 2. At present let on a shorthold tenancy and providing a rental income of £600 per month, however, we understand vacant possession can be given on completion. This flat comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Outside : Service road at rear of parade
Staff : The business is at present operated by the vendor with the assistance of 2 of his sons plus 2 full time staff. | | | | | | FOR SALE | | | | | REFERENCE: | G6038 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
