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Reference G7866

Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale

Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale
Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale Buy a Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale Sell a Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale Convenience Store, General Store, Off Licence and Supermarket in West Midlands For Sale for Sale

Register to see map and to make an appointment Residential area WEST MIDLANDS

Turnover 8,500
Price 85,000

Features

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

SPACIOUS SINGLE FRONTED SALES SHOP in the region of 1,300/1,400 sq. ft. with tiled floor, suspended ceiling, fluorescent lighting, counter, electronic cash register, 1 large glass topped chest display deep freezer, 1-3.75m open cool display unit (used for dairy, chilled foods, milk etc), 1-2.5m open cool display unit (used for beers), 3 upright double door glass fronted display fridges, modern shelving etc.

Large stockroom with shelving
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500 p.w. We are further advised that the gross profit is in the region of 24%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 80 p.w.

Staff

The business is at present operated by a husband & wife team

Trading Hours

Sunday - Thursday inclusive - 6.30 a.m. - 10 p.m.
Friday & Saturday - 6.30 a.m. - 10.30 p.m.

Accommodation

Available as an OPTIONAL EXTRA is a SPACIOUS SELF CONTAINED FLAT over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprising:

4 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Fitted Kitchen

Outside

Large paved garden area
Parking at side for 2/3 cars

Tenure

The vendors own the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop premises at a rental of 13,500 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years. Alternatively the vendors, subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop including the self contained flat over at a rental of 23,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION (25,000/30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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