Superbly Fitted Self Service Convenience Store, Full Free Off Licence | | Undisclosed Middlesex | | Situated in a parade, excellent main road trading position, residential area, MIDDLESEX | | ADVERT NUMBER : 66723
ADVERT IMPRESSIONS : 7,789 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £140000 | | | | | BUSINESS DETAILS: | Features : Service road in front of parade providing customer's car parking plus rear of parade car parking for 3 cars. (1 spaces let)
IMPRESSIVE TRIPLE FRONTED SALES SHOP approx. 2,700 sq. ft. sales area. Refitted approx. 1 year ago at considerable expense. Non-slip floor, suspended ceiling with concealed lighting. New adjustable shelving, 6 upright double door drinks display fridges, 2 open cool display units, large open cool display unit (used for dairy produce etc), EPOS scanning system with 2 tills, counter etc.
Staff cloakroom with w.c. and wash hand basin
Container used for storage purposes
Location : Situated in a parade, excellent main road trading position, residential area, MIDDLESEX
Opening Hours : 8 a.m. - 11 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £13,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of newspapers and magazines. Gross profit we are advised in the region of 22%. In addition the business has an ATM machine and we understand this provides a commission of approximately £300 p.w. It should be noted that part of the shop we understand in the region of 300 sq. ft. is sublet at present and provides a rental income of approx. £12,000 p.a.
Tenure : We understand the premises are held on a secure renewable lease having approximately 16 years unexpired at a current rental of £31,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 5 years. It will be appreciated that with the rental income of £12,000 p.a. in respect of part of the shop being sublet, the net rental payable at the present time is only £19,500 p.a. exclusive of rates.
Uniform Business Rates: £8,000 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION (£50,000/£60,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated under management. Staff employed 2 full time plus 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 | | | | | | | | | | | |
