Convenient Store For sale in Leasehold

Undisclosed, Surrey

Status

FOR SALE

Date Submitted:

05/12/19

Advert ID

253282

Reference

1186 / Rightbiz
Leasehold: £125,000

Features

Electric shutters to SPACIOUS SALES SHOP. sales area with quality tiled floor, suspended ceiling with LED lighting, 5-door upright glass fronted display deep freezer, 2-3.75m plus 1-2.5m open cool display unit combined & used for the sale of dairy produce, milk etc. adjoining milk cool display unit (not utilized at present), 1-3.75m plus 1-2.5m cool display united combined & used for wines & beers, modern adjustable shelving, centre display gondolas, 2 curved large display deep freezers, counter, electronic cash registers with scanning.

Large Stockroom with side door access for deliveries
Office
Staff/disabled cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £8,000/£9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale news bill £1,100 p.w. We are further advised the gross profit is in the region of 25%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £50 p.w. An Oyster machine has recently been introduced which should provide additional income. The business is also agents for Hermes Parcel Service & we understand this provides a commission of approximately £50 p.w.

Staff

At present operated by 1 of the partners with staff.

Trading Hours

Monday - Sunday inclusive - 6.30 a.m. - 9 p.m.

We understand the Licence allows the business to be open from 7 a.m. - 11 p.m. seven days per week if desired.

Tenure

The vendors own the Leasehold and subject to satisfactory references are prepared to grant a full repairing and insuring lease at a rental of £13,200 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,820 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST MANY YEARS 

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SELF SERVICE CONVENIENCE STORE COMBINED WITH FULL FREE OFF LICENCE, WHICH IN OUR OPINION HAS FURTHER POTENTIAL TO INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£30,000 approx)

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Contact Agent
Agent Name:
Advert Reference:
1186 / Rightbiz
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