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Reference G7783

Convenience Store & Post Office Local in Somerset For Sale

Convenience Store & Post Office Local in Somerset For Sale
Convenience Store & Post Office Local in Somerset For Sale Buy a Convenience Store & Post Office Local in Somerset For Sale Sell a Convenience Store & Post Office Local in Somerset For Sale Convenience Store & Post Office Local in Somerset For Sale for Sale Convenience Store & Post Office Local in Somerset For Sale for Sale

Register to see map and to make an appointment Occupying a corner position, residential area, BRISTOL

Turnover 16,000
Post Office 14,000
Price 190,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus Post office Local

SPACIOUS SALES SHOP probably in the region of 1,800 sq. ft. sales area, suspended ceiling with LED fluorscent lighting. The equipment includes 1 large open cool display unit (used for milk & dairy produce), 1-1m open cool display unit (used for vegetables), 1-2m open cool display unit (used for soft drinks), 1-2.5m open cool display unit (used for wines & beers), ice cream deep freezer, upright glass fronted display deep freezer, shelving etc.

Stockroom
Staff w.c. & wash hand basin
Staff restroom

Turnover

WE ARE INFORMED the turnover averages 16,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500/600 p.w. We are further advised that the gross profit is in the region of 20%. We further understand that the post office income is in the region of 14,000 p.a.

Staff

At present operated by 1 of the partners on a full time basis with an additional partner on a part time basis plus 2 full time & 2 part time staff employed.

Trading Hours

6.30 a.m. - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of 36,000 p.a. plus VAT exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 1,540 p.a. approx (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 190,000 plus STOCK AT VALUATION (45,000/50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 95,000 (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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