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Supermarket, Newsagent and Off Licence for sale in Somerset

Supermarket, Newsagent and Off Licence for sale in Somerset
Supermarket, Newsagent and Off Licence for sale in Somerset Buy a Supermarket, Newsagent and Off Licence in Somerset Sell a Supermarket, Newsagent and Off Licence in Somerset

Location

Situated in a sought after residential area with 2/3 schools close by, BRISTOL

Features

Well Fitted Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence & National Lottery

SINGLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area with fluorescent lighting & well equipped including counter, till with EPOS scanning system, modern adjustable shelving, ice cream deep freezer, 1 glass topped chest display deep freezer, 1-3.75m open cool display unit plus 1-2.75m open cool display unit etc.

Stockroom plus additional stockroom

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 850/900 p.w. We are further advised that the gross profit is in the region of 22%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w. The business also has Paypoint which we understand provides a further revenue of 30/40 p.w. The business also has Western Union which we understand provides a further revenue of approximately 45 per month. We are further advised that the overall commission from the sale of on line national lottery tickets plus scratch cards, Paypoint & Western Union is in the region of 7,500 p.a.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over (plus with internal access from the shop), has NIGHT STORAGE HEATING & comprises:

2 Bedrooms (1 large double, 1 additional double)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Fitted Kitchen

We understand that if the accommodation was not required for personal use, there is potential to let the accommodation on a shorthold tenancy to provide a rental income of 700 per month.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 69,995 plus STOCK AT VALUATION (20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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