Profitable Well Equipped Convenience Store and Full Free Off Licence For Sale

Business description

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP approx. 2,200 sq. ft. sales area with tiled floor, suspended ceiling, fluorescent lighting. Fully equipped including counter, 2 tills with scanning, modern adjustable shelving, 5 centre display gondolas, 1 3-tier ice cream deep freeze (owned), 5 large glass topped chest deep freezes, 1-3.75m open cool display unit (used for dairy products plus milk), 2 open 2m cool display units (both on loan from Coca Cola), 1-3m open cool display unit (owned and used for beers), 1 upright double door glass fronted display fridge (used for wines).

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

Property information

Property:

Leasehold

Lease terms:

The vendors owns the freehold and subject to satisfactory references is prepared to grant a new 24 years full repairing and insuring lease in respect of the shop with self contained flat at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation not be required the vendors are prepared to grant, subject to satisfactory references, a new 24 years full repairing and insuring lease in respect of the shop premises only at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises: 3 Bedrooms (1 double, 1 additional small double, 1 single) Bathroom with bath, shower over bath, w.c. and wash hand basin L

Location:

Situated in a parade, densely populated residential and commercial area, MERSEYSIDE.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £21,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £500 p.w. Gross profit 16% approx. In addition the business is agents for Paypoint & Payzone and we understand this provides a further income of approx. £140 p.w. The business also has an ATM machine and we understand this provides a further income of approx. £100 p.w. In addition the business is agents for cheque cashing and we understand this provides a further commission of approx. £40 p.w.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,000 plus STOCK AT VALUATION (£30,000/£40,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6.30 a.m. - 10 p.m.
Sunday opening - 7.30 a.m. - 10 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.