Profitable Middlesex Self Service Convenience Store For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP 750 sq. ft. sales area, all refitted approx. 9 months ago. Tiled floor, suspended ceiling with concealed lighting. 2-3.75m cool display units, 1 glass topped chest deep freeze, new adjustable shelving, centre display gondola, counter, electronic cash register etc.

We understand that planning permission has been granted to extend the shop at rear, if desired.

Staff cloakroom with w.c. and wash hand basin

Large 20ft container at rear providing storage facilities

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (The vendor is also prepared to consider granting a shorter lease, subject to terms being agreed).

Uniform Business Rates: £1,650 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

-

Location:

Situated in a parade, residential area, MIDDLESEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £9,500/£10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400/£500 p.w. Gross profit 20% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£20,000/£25,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT The vendor is also prepared to considerthe sale of the freehold property to include the Self Contained Flat over which comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitchen We further understand that there is a large loft area which has planning permission to convert into 2 further rooms, if desired. PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £450,000 plus STOCK AT VALUATION (£20,000/£25,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6.30 a.m. - 11 p.m.
Sunday opening - 6.30 a.m. - 10.30 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.