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Reference G7568

Village Convenience Store in Leicester For Sale

Register to see map and to make an appointment End of terrace, main road trading position, residential area, approximately 4/5 miles from the city centre, LEICESTERSHIRE LEICESTER

Turnover 6,000
Price 55,000 / 240,000

Features

Village Self Service Convenience Store, Full Free off Licence and National Lottery (recently Introduced)

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 500 sq. approx, suspended ceiling with concealed lighting. Air conditioning. Large open cool display unit, in addition there is 1-1m open cool display unit (used for dairy), upright glass fronted ice cream deep freezer, 1 glass topped chest deep freezer, centre display gondola, modern adjustable shelving etc.

Large storeroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 20% approx. The business is also agents for Hermes Parcel Delivery & Collection Service, which we understand provides a commission of approximately 200 per month. In addition the business is an agent for the sale of on line national lottery tickets plus scratch cards and we understand this provides a turnover of approximately 400 p.w.

Staff

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

Trading Hours

10 a.m. - 10 p.m. seven days per week

Accommodation

The accommodation on the first floor comprises a STUDIO FLAT which is at present let on a shorthold tenancy & provides a rental income of 5,200 p.a. however, we understand that vacant possession can be given on completion, if required. The STUDIO FLAT comprises:

STUDIO FLAT in the form of a living room/bedroom, shower, separate w.c. kitchen.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of 14,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Please note the vendor is prepared to consider granting a shorter lease, if desired).

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 240,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (lease) 168,000 (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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