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Convenience Store with Post Office and HMO in Somerset For Sale

Convenience Store with Post Office and HMO in Somerset For Sale
Convenience Store with Post Office and HMO in Somerset For Sale Buy a Convenience Store with Post Office and HMO in Somerset For Sale Sell a Convenience Store with Post Office and HMO in Somerset For Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale Convenience Store with Post Office and HMO in Somerset For Sale for Sale

Register to see map and to make an appointment Situated in a parade, commanding main road trading position, residential, office and commercial area, SOMERSET

Turnover 1,500
Post Office 135,000
Price 375,000

Features

Convenience Grocery Store and off Licence (recently Closed) with Thriving Post office and Lucritive Cards and Stationery Business & Hmo Above - Forecast Net Profit 180,000

IMPRESSIVE PREMISES 3,000 sq ft. Laminate woodstrip floor, suspended ceiling with LED spotlights. 2 EPOS tills with card payment machines, COUNTERS,counters, 5m fridge, 2-3.75m fridges, 2.5m fridge, 1.8m dairy fridge, 2-double door freezers, 3 tier Walls ice cream freezer, warm display unit, modern adjustable 'Eden' shelving.

Post office - 5 COUNTERS (3 open plan and 2 Fortress positions with parcel hatch)

Photobooth.

STOREROOM 500 sq ft - non slip industrial floor, tube lighting, fully shelved.

Bakery preparation room - Read bake off oven, counter, sink.

Disabled toilet

Turnover

Sales of the retail business when trading, we are advised, were 11,000 pw.

Presently the Post Office income is 135,000 pa, with additional cards and stationery sales of 1,500 pw. (80% gross profit)

The photobooth providses an additional income of 1,600 pcm

We are advised with the rental income received, commissions and Post Office income, projected income from the re-established supermarket the NET PROFIT IS FORECAST TO BE 250,000 p.a..

Staff

The Post Office is staff run, 3 full time staff.
Wage bill 1200 p.w.

Trading Hours

Retail shop - when trading 7 am - 10 pm 7 days per week

POST OFFICE Monday to Friday 9am - 5.30 pm
Saturday 9am - 1.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT above at present let on a room by room basis and provides a rent of 2,900 per month. The accommodation comprises:

Shared fitted kitchen

2 Shower rooms, each with shower, toilet and wash hand basin

5 Bedrooms.

Also located on the first floor is a self contained office, presently occupied, and providing a rental of 500 per month.

Tenure

We understand the premises are held on a secure renewable lease for a period of 25 years from 2015 at a rental of 43,000 p.a. exclusive of rates with rent reviews every 5 years. We are advised the next rent review is 2025 and the rent is increased in line with the RPI.

We are advised the Landlord will require a 6 months rent deposit and a guarentor.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS 375,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 187,500 (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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