Convenience Store for sale in Cambridgeshire

Cambridgeshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a small parade, residential area, CAMBBRIDGESHIRE

WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £650 p.w. Gross profit 20% approx. In addition the business also sells national lottery scratch cards which we understand provides a commission of approximately £30 p.w. The business is also agents for Hermes Parcels, collection & delivery from the shop, which we understand provides a commission of approximately £50 p.w.

We understand the premises are held on a secure renewable lease the present lease expiring in March, 2018 at a rental of £10,500 p.a. exclusive of rates. (We understand the rent reviews are every 5 years and there was no increased requested at the last rent review).

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE DECEMBER, 2009 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED & with ELECTRIC HEATERS, is at present let on a shorthold tenancy & provides a rental income of £500 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 9 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £55,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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