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Leasehold:
£80,000

Superbly Fitted Self Service Convenience Store, Butchery

Undisclosed, Buckinghamshire
Further Details
Status
SOLD OR WITHDRAWN FROM MARKET
ReferenceG6144 / RightBiz
Advert ID69880
LocationUndisclosed, Buckinghamshire
SectorConvenience Stores, General Stores, Sweet Shops
TenureLeasehold
Leasehold Price£80,000
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Full Details
Features : The vendor has leased a car parking area situated approximately 20m from the shop and able to accommodate approximately 35 cars. The car park is held on a 5 years renewable lease from October, 2010 at a rental of £3,000 p.a. exclusive of rates, fixed for the first 3 years. It should be noted that 5 of the parking spaces are let to a local business and providing a rental income of £220 per month, therefore at the present time the net rental payable for the car park is only £360 p.a. exclusive of rates.

SPACIOUS DOUBLE FRONTED SALES SHOP plus SIDE WINDOW probably in the region of 2,300 sq. ft. including storage area, ceramic tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 2 centre display gondolas, approximately 7m sliding glass topped chest display units, 3-3.75m open cool display units (2 of which we understand are new), chckout counter with 1 electronic cash register.

FULLY EQUIPPED BUTCHERS SECTION including 5m cool display butchers counter, 2 butchers blocks, ban saw, mincer, 2 electronic scales

Location : Situated end of parade, excellent town centre trading position, BUCKINGHAMSHIRE

Opening Hours : 9 a.m. - 8 p.m. seven days per week

Turnover : WE ARE ADVISED the business commended trading in October, 2010 and the turnover is currently in the region of £8,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Licenses and indeed with the introduction of the sale of cigarettes and tobacco. Gross profit we understand in the region of 30%. (We further understand the split of turnover is approximately 50% in respect of groceries with the balance of 50% in respect of butchery.

Tenure : We understand the premises are held on a secure renewable lease for a period of 7 years from August, 2010 at a rental of £18,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: £8,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Outside : Car parking for 2 cars

Staff : The business is at present operated by a family member on a full time basis with the assistance of 2 full time butchers.
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