Profitable Well Established Self Service Convenience Store, Counter News (not Direct Supplies), Confectionery, Tobacco, Full Free Off Licence Plus Oys | | Undisclosed Middlesex | | Occupying a corner position, end of terrace, busy main road, densely populated residential and commercial area, MIDDLESEX | | ADVERT NUMBER : 66812
ADVERT IMPRESSIONS : 10,030 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £130000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS SALES SHOP probably in the region of 700 sq. ft. sales area with tiled floor. Fully equipped including modern adjustable shelving, 3 glass topped chest display deep freezes, 1-3.75m open cool display unit, counter, electronic cash register, cigarette gantry (on loan), CCTV system with 8 cameras, monitor plus recording.
Stockroom
Kitchen area
Staff cloakroom with w.c. and wash hand basin
Basement (could be used for storage purposes, if required)
Location : Occupying a corner position, end of terrace, busy main road, densely populated residential and commercial area, MIDDLESEX
Opening Hours : 7 a.m. - 11 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £11,000 p.w. Wholesale newsbil £150/£200 p.w. (not direct supplies). Gross profit we are advised in the region of 24% approx. In addition the business has Oyster and we understand this provides a further income of in the region of £240 p.w. The business also has Payzone and we understand this provides a further revenue of approximately 80 p.w. In addition the vendor sells International Phonecards and we understand this provides a further income of approximately £50 p.w.
Tenure : We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 15 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £4,500 p.a. approx.
WE UNDERSTAND THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Garden at rear
Staff : The business is at present operated by the vendor with the assistance of 2 full time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
