Search more Convenience Stores for sale in Bedfordshire
Reference G6479

Convenience Store and Off Licence in Bedfordshire For Sale

Register to see map and to make an appointment Situated in a parade, residential area, adjoining school, BEDFORDSHIRE

Turnover 7,000
Price 89,500

Features

Well Fitted Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence & Vape Products

AMPLE CUSTOMER'S CAR PARKING FOR THE PARADE

SPACIOUS SINGLE FRONTED SALES SHOP approximately 650 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting. Fully equipped including counter, till with EPOS scanning system, 2 glass topped chest deep freezes, 1-3.75m open cool display unit, modern adjustable shelving, centre display gondola, 1 greeting card display unit etc.

2 Stockrooms
Staff w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 900 p.w. We are further advised that the gross profit is shown on the accounts at 26.3%. In addition the business has online national lottery which with the scratch cards provides a commission of approximately 30 p.w. The business also has Paypoint which we understand provides a further commission of approximately 25 p.w.

Staff

The business is at present operated by the vendor with the assistance of 1 full time & 1 part time staff. 4 morning newsboys employed. Delivery charge 2.50 p.w.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 5 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy and provides a rental income of 900 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen

Outside

Large yard at rear.
We understand that planning permission has been granted to extend the shop at rear, if desired.

Tenure

We understand the premises are held on a secure renewable lease having 15 years unexpired from March, 2014 at a current rental of 15,000 p.a. exclusive of rates up to March, 2020 with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income from the maisonette over of 10,800 p.a. the net rental payable at present is only 4,200 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at the present time after small business relief.

WE UNDERSTAND THIS CONCERN HAS BEEN IN THE SAME FAMILY FOR THE PAST 42 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 89,500 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,750 (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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