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Convenience Store In Rugeley Staffordshire For Sale

Rugeley, Staffordshire
Asking Price:
£35,000
Turnover:
£486,182
Net Profit:
Available on request

SPACIOUS & WELL FITTED STORE

C. 780 SQUARE FOOT SALES AREA

RESIDENTIAL AREA

LEASEHOLD PRICE £35,000

CORPORATE DISPOSAL

Description and Trade:
Situated in a residential area of Rugeley the wide fronted store has off street parking directly to the front.

The trade is that of general grocery, news and off licence products, confectionery, tobacco products, greetings cards etc .It is also a National Lottery outlet.

Premises:
Sales Area: (13.1m x 5.5m) is well fitted throughout having a wide range of refrigerated shelving and cabinets, and is air conditioned.

Stock Room 1: (4.2m x 3.5m)

Stock Room 2: (6.5m x 2.8m)

Stock Room 3: (4.2m x 3.4m)

Plus two small secured Stock Rooms

Kitchen

W.c facilities

Accommodation:
We are informed that there is a self-contained two bedroom flat above the business that is currently rented out for an income of £410 per month

Our Client Informs Us That:
Takings and Profitability:
Retail sales to year ended the end of November 2016 were £486,182 (ex VAT) with a gross profit of £123,046. Plus commissions of around £8,000 per annum.

Trading Hours:
6.00am – 9.00pm Monday to Sunday

Tenure:
Leasehold. Held on a RENEWABLE lease until May 2018 at a rent of £11,250 per annum for the business and accommodation.

Price:
Very realistically priced at £35,000 plus stock at valuation for the lease, business, fixtures and fittings.

Viewing:
Please note that under no circumstances should branch staff be approached. Formal viewings can only be made once an offer has been submitted.

Deposit:
Successful bidders will be required to pay a non-refundable deposit to the vendor's solicitor, via their own solicitor, equivalent to £5,000 per transaction. The deposit will be set off against the agreed purchase price on completion of a sale. In the unlikely event that the vendor withdraws from a sale, deposits will be repaid in full. However, in the event that a purchaser reneges on the agreed terms and conditions of a sale and purchase, the deposit/s will be forfeited.

The Business:
The business currently trades under the 'McColls' banner and any purchaser will be expected to change the trading name.

Property information

Property:

Leasehold

Living Accommodation:

Accommodation Included.

Contact Broker

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