Village Self Service Convenience Store Free Off Licence For Sale

Business description

SPACIOUS SALES SHOP in the region of 1,000 sq. ft. with electric shutters, tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 2 centre display gondolas, 2 glass topped chest deep freezes, 1 open cool display dairy unit (owned), 1-1½m open cool display unit (owned and used for soft drinks), 1 upright double door drinks display fridge (used for beers and wines), till with EPOS scanning system, counter, Slush machine. CCTV system with 4 cameras, monitor plus recording.

Small stockroom
Staff cloakroom with w.c. and wash hand basin

Included in the sale is an adjoining Self Contained Shop at present vacant.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable (after full relief)

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenacy and provides a rental income of £450 per month, however, we understand that vacant possession can be given on completed. The accommodation DOUBLE GLAZED

Location:

Serving residential village approx, SOUTH WALES.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,000/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 20% approx. We understand that Paypoint is currently providing an additional income of approx. £80 p.w.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTUES & FITTINGS £49,500 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8 a.m. - 8 p.m.
Sunday opening - 9 a.m. - 5 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.