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Reference G7727

Convenience Store with Post Office in Surrey For Sale

Convenience Store with Post Office in Surrey For Sale
Convenience Store with Post Office in Surrey For Sale Buy a Convenience Store with Post Office in Surrey For Sale Sell a Convenience Store with Post Office in Surrey For Sale

Register to see map and to make an appointment Main road trading position, sought after residential area, SURREY

Turnover 9,500
Post Office 35,000
Price 169,000 / 695,000

Features

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

SPACIOUS SALES SHOP in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Counter with electronic cash register, post office combination counter (2 positions), modern adjustable shelving, display gondolas, 2 glass topped chest deep freezers, 2 double door sliding glass fronted display fridges (owned & used for beers & wines), 2 double door glass fronted display fridges (on loan from Coca Cola), 1 additional double door glass fronted display fridge (on loan from Pepsi Cola), 1-1.75m open cool display unit (used for chilled foods), 1 small single door glass fronted fridge (used for milk)

2 Stockrooms
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 9,500/10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,500 p.w. Post Office income 35,000 p.a. approx (including commission in respect of the sale of on line national lottery tickets). We are further advised that the sales year ending 30th November, 2016 showed sales of 459,370 with an overall gross profit of 135,780 (including post office income of 30,064).

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis. In addition 1 full time & 1 part time staff employed.

Trading Hours

7 a.m. - 8 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of 800 per calendar month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 22,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 4,600 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 169,000 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region 695,000 plus STOCK AT VALUATION (25,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 84,500 (lease) 486,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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