« Search more Convenience Stores for sale in Southampton
Reference G7158

General Store with Off Licence in Southampton For Sale

General Store with Off Licence in Southampton For Sale
Buy a General Store with Off Licence in Southampton For Sale Sell a General Store with Off Licence in Southampton For Sale

Register to see map and to make an appointment Detached property, excellent main road trading position, residential, office and commercial area, opposite Bus Stop, HAMPSHIRE SOUTHAMPTON

Turnover £ 8,500
Price £85,000

Features

Self Service Convenience Store, Full Free off Licence

• PRICE FOR THE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus stock at valuation
• TURNOVER £8,500 p.w.

• GROSS PROFIT 25%

DOUBLE FRONTED (688ft²/64M²) WITH ELECTRIC SHUTTERS, Gas Fired Central Heating, sales counter, lino floor. Cash register, open cool display unit (3.75 metres), 2 x open cool display unit (2.5 metres), 2 deep freezes, Ice Cream Freezer, shelving (modern adjustable), card display stands, etc.

• Staff toilet with w.c. and wash hand basin (staff) plus shower room
• Stock room / Store room

Turnover

WE ARE INFORMED by the owner that the turnover averages £8,500 p.w. with a Gross profit in the region of 20% approx.

Staff

The business is at present operated by the manager with 2 full time staff employed.

Trading Hours

7 Day week (Monday - Sunday) 8 am - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION, at present let on a shorthold tenancy providing a rental income of £1,500 per month entrance via door to the side of the shop comprising;

• 5 Bedrooms
• Kitchen.
• Bathroom with bath, w.c. and wash hand basin

Outside

Rear yard

Located to the rear is a brick built detached building with a toilet and shower presently used as additional stock storage. We are advised there is potential to let this studio at a rent, i.r.o. £7000 p.a..

Tenure

We have not had sight of the lease but the vendor has stated that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2011 with reviews every 5 years (next review 2016) at a current rent of £18,000 p.a. (£15,000 rental income received from the flat above) we are advised the Landlord has proposed a rental of £19,500 pa the vendor is negotiating.

Business Rates from April 2015 £1,500 payable (after small business relief)

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
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

« Search more Convenience Stores for sale in Southampton

Buy a General Store with Off Licence in Southampton For Sale on NationwideBusinesses.co.uk