Profitable Semi-detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence Plus On Line National Lottery | | Undisclosed Hampshire | | Residential estate, HAMPSHIRE | | ADVERT NUMBER : 66682
ADVERT IMPRESSIONS : 14,580 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £157500 | | | | | BUSINESS DETAILS: | Features : No Parking Restrictions. Small Layby in front of shop for customer's car parking
SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 1,100 sq. ft. sales area with tiled floor (needs some attention at present), suspended ceiling with concealed lighting and fully equipped including modern adjustable shelving, 3 centre display gondolas, counter, 2 tills with EPOS scanning system, 2 glass topped chest deep freezes, 1-3.75m open cool display unit (used for soft drinks, dairy produce, milk etc), 1-1m cool display unit (used for beers), 1 glass fronted single door display fridge (used for wines) etc.
2 Stockrooms part with racking
Staff cloakroom with w.c. and wash hand basin
Staff kitchen area
Location : Residential estate, HAMPSHIRE
Opening Hours : 6 a.m. - 10 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £13,000/£14,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450 p.w. Gross profit 22% 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 £150 p.w. The business also has Paypoint and we understand this provides a further revenue of £15/£20 p.w.
Tenure : We understand the premises are held on a secure renewable Council lease, the present lease having approximately 14 years unexpired at a rental of £21,000 p.a. exclusive of rates. We further understand that the rent is under review at the present time and the Council have stated they will accept the rental of £22,500 p.a. exclusive of rates, however, we understand this is still under negotiation. We further understand the rent reviews are every 3 years.
Uniform Business Rates: £4,500 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £157,500 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, wash hand basin
Separate w.c.
Large Lounge
Kitchen with fitted units
Rear balcony
Staff : The business is at present operated by the vendor on a part time basis with the assistance of 2 full time and 1 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 | | | | | | | | | | | |
