Superbly Fitted Self Service Convenience Store, News, Confectionery, Tobacco, Full Free Off Licence Plus On Line National Lottery | | Undisclosed West Midlands | | Occupying a corner position, end of parade, unopposed trading position, residential area, WEST MIDLANDS. | | ADVERT NUMBER : 63403
ADVERT IMPRESSIONS : 15,026 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £105000 | | | | | BUSINESS DETAILS: | Features : We understand the shop was refitted in 2007 at considerable expense.
SPACIOUS SALES SHOP probably in the region of 800 sq. ft. sales area with ceramic tiled floor, suspended ceiling with concealed lighting. 3 greeting card display stands with drawers, modern adjustable shelving, 2 display gondolas, upright glass fronted display deep freeze, open cool display unit (for soft drinks on loan from Coca Cola), 1-3.75m open cool display unit (used for soft drinks, dairy produce & milk), additional 2m open cool display unit (used for wines) etc.
Storeroom
Staff w.c. and wash hand basin
Location : Occupying a corner position, end of parade, unopposed trading position, residential area, WEST MIDLANDS.
Opening Hours : Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 2 p.m.
Turnover : WE ARE INFORMED the turnover currently averages £8,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £800 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £165 p.w. There is also an ATM machine plus Paypoint and we understand that this provides a further revenue of approximately £100 p.w.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £19,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1996 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION (£15,000/£16,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £500 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
2 Double Bedrooms (1) 18' x 12' approx. (2) 10' x 13' approx.
Tiled bathroom with bath, w.c. and wash hand basin
Large Lounge
Outside : Yard at rear. Double Garage
Staff : The business is at present operated by the vendor on a part time basis with the assistance of 2 part time staff plus family help. 2 morning newsrounds. Delivery charge £1 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
