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Reference G7966

Convenience Store in Hampshire For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area with a school & college nearby, HAMPSHIRE

Turnover 7,000
Price 110,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

FRONT AREA WITH PARKING FOR 3 CARS

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Fully equipped including counter, 2 tills with EPOS scanning system, 2 upright glass fronted display deep freezers, 6m open cool display unit (comprising 2 units), modern adjustable shelving etc.

Stockroom with racking
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 75 p.w. The business also has Paypoint.

Staff

The business is at present operated by a husband & wife team & no staff are employed.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 10 p.m.
Sunday opening - 7 a.m. - 7 p.m.

Accommodation

The accommodation comprises 2 SELF CONTAINED FLATS each DOUBLE GLAZED & WITH ELECTRIC HEATING & each comprising:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Whilst 1 of the flats is utilized by the present owner the second flat is at present let to 3 students who each pay 95 p.w. rent. This arrangement ould continue & we understand that vacant possession can be given, if required.

Outside

Parking at rear for 4 cars

Tenure

We understand the shop together with the 2 flats is held on a secure renewable lease having approximately 14 years unexpired at a rental of 21,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 7,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 110,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 55,000 (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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