Convenience Store for sale in Hampshire

Hampshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, residential area, HAMPSHIRE

WE ARE INFORMED the turnover averages £6,000/£6,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 22%.

We understand the owners are 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 next 5 years, increasing at that time to £13,200 p.a. exclusive of rates for the following 5 years with rent to be agreed for the following 5 years.

Uniform Business Rates: £1,500 p.a. approx. (should reduce with small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 10 a.m. - 11 p.m.
Sunday opening - 11 a.m. - 10 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £210,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £60,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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