Superbly Fitted Counter Newsagents Convenience Store and Off Licence For Sale

Business description

IMPRESSIVE SINGLE FRONTED SALES SHOP approx. 700 sq. ft. sales area, all newly fitted approx. 18 months ago. Ceramic tiled floor, suspended ceiling with concealed lighting, modern adjustable shelving, counter, 2 tills with EPOS scanning system, 2 greeting card display stands with drawers, 2 open cool display units, 2-3.25m open cool display units etc.

Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £33,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £11,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent trading position, adjacent to a hotel plus with the advantage of other hotels in the area, town centre, SURREY

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £11,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. It should be noted that the Off Licence has only recently been granted and in our opinion there is tremendous potential to further develop the sale of wines, beers and spirits. Wholesale newsbill £550 p.w. Gross profit 22% approx. In addition the business has Paypoint and we understand sales are currently £5,300 p.w. Also in addition the business sells bus passes and we understand sales for these are approx. £5,200 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION (£30,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.