| (REF: G6153) Spacious Well Equipped Self Service Convenience Store, Full Free Off Licence |
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| Seller Reference: |
G6153 |
| B4S Reference: |
30046 |
| Asking Price: |
£150,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£338,000 |
| Number of Staff: |
4 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Essex, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 1,200 sq. ft. sales area, suspended ceiling with concealed lighting. 2 tills with scanning (only 1 till used at present), 2 large glass topped chest deep freezes, 2-3.75m Arneg cool display units, 2-2m open cool display units, modern adjustable shelving, display gondola etc.
Stock area
Staff w.c. and wash hand basin
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional stock. Gross profit we are advised in the region of 22% approx.
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income currently of £15,600 from the main accommodation over the shop, the net rental payable at the present time is only £4,400 p.a).
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£10,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £1,300 per month. The accommodation comprises:
First Floor
Kitchen
Lounge
1 Double Bedroom
Bathroom with bath, wash hand basin
Separate w.c.
Second Floor
2 further Double Bedrooms
In addition the main accommodation to the rear of the shop is a SELF CONTAINED STUDIO FLAT with ELECTRIC STORAGE HEATERS and comprising:
Living Room/Bedroom
Shower room
Kitchenette
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Location: |
Situated in a parade, excellent main road trading position, busy road, residential area, ESSEX |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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8 a.m. - 11 p.m. seven days per week |
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The business is at present operated by the vendor with the assistance of 2 part time staff. |
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