Convenience Store for sale in Cromer

Cromer, Norfolk


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a residential area, NORFOLK

WE ARE INFORMED the turnover averages £9,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £50/£60 p.w.

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 £16,800 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £1,110 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REDUCED FOR QUICK SALE
MUST BE SEEN TO BE FULLY APPRECIATED

The SELF CONTAINED accommodation which does require some re-decoration, comprises:

Ground Floor
Kitchen

Stairs to first floor
At present 2 single bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge

Monday - Saturday incusive - 6.30 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 8 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTUES & FITTINGS £80,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £349,950 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £80,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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