Detached Well Established Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence For Sale | | Undisclosed West Midlands | | Occupying a corner position, busy road, densely populated residential area, WEST MIDLANDS | | ADVERT NUMBER : 70923
ADVERT IMPRESSIONS : 16,749 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £375000 | LEASEHOLD: | £130000 | | | | | BUSINESS DETAILS: | Features : Layby to side of the shop with parking for 3 cars and free car parking in the High Street
SPACIOUS SALES SHOP probably in the region of 850/900 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes magazine display shelving, 1 large open cool display unit (used for bread, milk and dairy produce), 1 3-door glass fronted display fridge plus 1 double door glass fronted display fridge (both owned and used for beers and wines), 2 large Coca Cola cool display fridges with glass doors (both on loan), ice cream deep freeze, modern adjustable shelving, display gondola, 1 greeting card display stand, counter, 2 electronic cash registers, 12 cameras, monitor plus recording etc.
Secure stockroom for spirits
STAIRS TO FIRST FLOOR
Restroom/stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Occupying a corner position, busy road, densely populated residential area, WEST MIDLANDS
Opening Hours : Monday - Saturday inclusive - 7.30 a.m. - 10 p.m.
Sunday opening - 10 a.m. - 9 p.m.
Turnover : WE ARE INFORMED the turnover averages £12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £250/£300 p.w. Gross profit we are advised 19/20% approx.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease in respect of the shop with 2 flats over at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. Alternatively should the 2 flats not be required, the vendors subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease in respect of the shop only (excluding the 2 flats) at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation comprising 2 SELF CONTAINED FLATS:
Flat No. 1 at present let on a shorthold tenancy and providing a rental income of £120 p.w. however, we understand that vacant possession can be given on completion, if required. The flat comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units and electric cooker
Flat No. 2 is also at present let on a shorthold tenancy and provides a rental income of £70 per week, however, again we understand vacant possession can be given on completion, if required. The flat comprises:
1 Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge with fitted kitchen area
It will be appreciated upon inspection that this flat could be extended into the first floor restroom/stockroom, if desired.
Staff : The business is at present operated by a husband and wife team with the assistance of their son on Sunday plus 2 part time staff during the week. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
