Old Established Village Store in Bury St Edmunds For Sale

Occupying a corner location within a parade, excellent trading position, residential area, close to school, BURY ST EDMUNDS, Suffolk.

Turnover £ 6,000
Price £95,000

Features

Established Village Store with Newsagent & Off Licence

SINGLE FRONTED PREMISES, in the region of 400 ft², Tiled floor, plasterboard ceiling with tube lighting, CCTV (4 cameras.)

Sales counter, cash register.

2 single door display chillers, Walls chest freezer, tobacco stand, adjustable shelving, magazine rack, sweet stand, card rack, ETC

Main store room, shelved.

2 Store rooms to rear, chest freezer.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £550 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £50 per week approx.

Opportunities to grow the business and increase turnover,, i.e extending opening hours, grocery home deliveries, National Lottery, parcel services and Post Office.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff. 3 news rounds, delivery charge £3 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 7.30 a.m. - 6 p.m.
SUNDAY 8 a.m. - 12 pm

Liquor licence until 11pm Monday to Saturday & 10.30pm Sundays.

Scope for increased opening hours.

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a rolling lease (private landlord) at a current rent of £4,800 p.a..

We are advised the Landlord is prepared to grant a new lease, to an approved applicant, at terms to be agreed at a rental of £5,280 p.a..

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote