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Reference G7413

Convenience Store and Off Licence in Newport For Sale

Register to see map and to make an appointment Residential area, SHROPSHIRE NEWPORT

Turnover 6,000
Price 55,000

Features

Semi-detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area with tiled floor, fluorescent lighting & fully equipped including 2 glass topped chest display deep freezers, 2-2.5m open cool display units (1 used for wines & beers whist the other is used for milk & dairy produce), 1 single door glass fronted display fridge (used for soft drinks), shelving, counter, electronic cash register.

Stockroom with shelving
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 250 p.w. We are further advised that the gross profit is in the region of 24%.

Staff

The business is at present mainly staff operated. Staff employed 1 full time plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 9,576 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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