Convenience Store for sale in Hounslow

Hounslow, Middlesex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, residential area, MIDDX.

WE ARE INFORMED THE TURNOVER currently averages £27,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £150 p.w. We are further advised that the gross profit is in the region of 22/23% approx. The business is also agents for the sale of on line National Lottery tickets plus scratchcards, and we understand this provides commission of approx. £80 p.w. In addition, the business has an internal ATM machine plus Payzone. We are further advised that the sales year ending 31st October, 2014 showed £1,023,311 with a gross profit of £185,380.

We understand the premises are held on a secure renewable lease, the present lease having approx. 20 years unexpired, at a current rental of £45,000 p.a. excl. of rates. We understand the rent is due for review at the present time and we are further advised that rent reviews are every 5 years.

Uniform business rates: £10,500 p.a. approx.


OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED SELF SERVICE CONVENIENCE COMBINED WITH FULL FREE OFF LICENCE, WHICH, IN OUR OPINION HAS TERRIFIC POTENTIAL FOR DEVELOPMENT IN THE RIGHT HANDS.


PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

7 a.m. - 10 p.m. seven days per week.

PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £350,000 plus stock at valuation (£80,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Viewing Strictly by appointment.

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business information

Sale price: £350,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
Supermarkets
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