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Reference G7938

Convenience Store, Newsagent and Off Licence in Staffordshire For Sale

Register to see map and to make an appointment Densely populated residential area, STAFFORDSHIRE

Turnover 5,000
Price 39,500

Features

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

SINGLE FRONTED MEDIUM SIZED SALES SHOP with counter, electronic cash register, moden shelving, 1 deep freezer, 1 double door plus 1 single door glass fronted display fridges (both on loan from Coca Cola), 1 double door glass fronted display fridge (on loan from Pepsi Cola), 8 cameras, 2 monitors plus recording.

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 125 p.w. We are further advised that the gross profit is in the region of 24%.

Staff

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

Trading Hours

Monday - Friday inclusive - 7 a.m. - 9 p.m.
Saturday opening - 8 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Accommodation

The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

Ground Floor
Lounge
Kitchen
Bathroom with bath, w.c. & wash hand basin

First Floor
3 Bedrooms (2 doubles, 1 single)

In addition there is a SELF CONTAINED FLAT currently & producing a rental income of 450 per month. This FLAT comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Spacious living room with kitchenette area

Outside

Shared yard at rear

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease expiring June, 2029 at a current rental of 9,000 p.a. exclusive of rates. We understand the rent was due for review in June, 2017, however at the present time the tenant has not received any request for an increased rent. We are further advised that the rent reviews are every 3 years. (As will be appreciated with the current rental income from 1 of the flats of 5,000 p.a. the net rental payable at the present time is only 4,000 p.a. exclusive of rates).

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 39,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 19,750 (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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