Spacious Newly Fitted Semi-detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence | | Undisclosed Lincolnshire | | Main road trading position, residential area, LINCOLNSHIRE | | ADVERT NUMBER : 69939
ADVERT IMPRESSIONS : 16,757 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £340000 | LEASEHOLD: | £145000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS DOUBLE FRONTED SALES SHOP approximately 1,900 sq. ft. sales area. Newly fitted approximately 6 months ago. Quality tiled floor, suspended ceiling with concealed lighting, 2 air conditioning/heating units, modern adjustable shelving, 4 display gondolas, 2 large glass topped chest deep freezes, 2-3.75m open cool display units (used for milk, dairy produce & soft drinks), 1 additonal 3.75m open cool display unit (used for wines & beers), counter, 2 tills with EPOS scanning system plus back-up computer etc.
Large basement approximately 1,500 sq. ft. ideal for storage purposes plus staff cloakroom with w.c. and wash hand basin. Mezzanine floor utilized as an office
Location : Main road trading position, residential area, LINCOLNSHIRE
Opening Hours : Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.
Turnover : WE UNDERSTAND the business was opened in approximately April, 2011 and we are advised that the turnover is currently in the region of £12,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We further understand that newspapers have recently been introduced and that the wholesale newsbill is currently in the region of £250/£300 p.w. We further understand that an ATM machine has recently been installed and Paypoint has also been introduced.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease at an initial rental of £13,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (Please note the vendors are also prepared to consider a shorter lease, if desired).
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION (£35,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £340,000 plus STOCK AT VALUATION (£30,000/£40,000 approx. can be reduced).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Outside : Small yard at rear
Staff : At present operated under management. Staff employed 1 full time manager plus 2 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 | | | | | | | | | | | |
