Self Service Convenience Store, News, Confectionery, Tobacco, On Line National Lottery | | Undisclosed West Midlands | | Situated in a parade of 5 shops, residential area, with the advantage of a school nearby WEST MIDLANDS. | | ADVERT NUMBER : 70858
ADVERT IMPRESSIONS : 12,737 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £59500 | | | | | BUSINESS DETAILS: | Features : Electric shutters to SPACIOUS SALES SHOP we are advised in the region of 1,200 sq. ft. sales area. Newly fitted approximately 2 years ago. Vinyl tiled floor. The equipment includes counter, electronic cash register, modern adjustable shelving, 2 centre display gondolas, 2 glass topped chest deep freezes (1 used for ice cream), 1 upright glass fronted display deep freeze, 1 upright double door glass fronted display fridge (on loan). CCTV system with 10 cameras, 2 monitors plus hard disc recording. Burglar alarm system etc.
Location : Situated in a parade of 5 shops, residential area, with the advantage of a school nearby WEST MIDLANDS.
Opening Hours : Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 6 p.m.
We are further advised that the premises licence allows the business to be open until 10 p.m. if desired for the sale of wines, beers and spirits.
Turnover : WE ARE INFORMED the turnover currently averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,100 p.w. Gross profit 22% approx.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: We understand nil payable until October, 2011. We are further advised thereafter the rates payable will be in the region of £550 p.a. approx. (after small business relief).
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : At present operated by a husband and wife team with the assistance of 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
