Superb Newly Fitted Self Service Convenience Store, Full Free Off Licence | | Undisclosed Nottinghamshire | | Occupying an excellent corner position, end of terrace, busy road, residential area, NOTTINGHAMSHIRE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66761
ADVERT IMPRESSIONS : 11,873 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £125000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Free Car Park nearby for 20 cars
IMPRESSIVE & SPACIOUS 1,200 sq. ft. sales shop all refurbished and refitted at considerable expense. Suspended ceiling with inset lighting, quality fitted ceramic tiled floor. The equipment includes 2 lane EPOS scanning system, 1-3.7m open cool display unit (used for wines and beers), 2-1m cool display units (both used for soft drinks), 1-3.4m cool display unit (used for milk and dairy produce), 2 display gondolas, 2 large glass topped chest deep freezes, counter, CCTV system with 20 cameras, 2 monitors plus recording.
Large stockroom
Office
Kitchenette
Staff cloakroom with w.c. and wash hand basin plus large garage
PLEASE NOTE WE UNDERSTAND THE VENDOR, IN VIEW OF THE CONSIDERABLE AMOUNT OF MONEY THAT HAS BEEN INVESTED IN NEW EQUIPMENT, IS ABLE TO PUT THE FIXTURES & FITTINGS IN A SALE CONTRACT IN THE REGION OF £80,000
Location : Occupying an excellent corner position, end of terrace, busy road, residential area, NOTTINGHAMSHIRE
Opening Hours : Monday - Saturday inclusive - 10 a.m. - 9 p.m.
Sunday opening - 10 a.m. - 6 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours. We further understand that the business is licensed to open from 8 a.m. - 10.30 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands and especially with the introduction of the sale of newspapers and magazines. Gross profit 21% approx. We understand from the vendor the store has been approved by a number symbol groups and in our opinion the business offers tremendous potential.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of £18,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with the rental income currently of £6,900 p.a. in respect of the accommodation the net rental payable at the present time would only be £11,100 p.a. exclusive of rates).
Alternatively, the vendors, subject to satisfactory references, are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only (excluding the accommodation) at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £1,300 p.a. approx. (after small business relief)
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SELF SERVICE CONVENIENCE STORE COMBINED WITH FULL FREE OFF LICENCE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation DOUBLE GLAZED and with new FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £575 per month. The accommodation comprises:
4 Bedrooms (3 doubles, 1 single)
Fully tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen
Staff : The business is at present operated by the owners with the assistance of 1 part time staff. | | | | | | FOR SALE | | | | | REFERENCE: | G6087 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
