Convenience Store for sale in Kingswinford

Kingswinford, West Midlands


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, main road trading position, with no parking problems, residential area, WEST MIDLANDS

WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering terrific potential for further increase in the right hands. Wholesale newsbill £900 p.w. Gross profit we are advised in the region of 22% approx. We are further advised that the sales year ending 31st March, 2015 showed £280,044 with a gross profit of £42,965.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insurng lease at a rental of £13,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (We understand the vendors are also prepared to grant an option to purchase the freehold at price to be agreed).

Uniform Business Rates: £844 p.a. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 large doubles plus 1 additional double)
Fully tiled shower room with shower, w.c. and wash hand basin
Lounge
Separate Dining Room
Newly fitted kitchen

Monday - Saturday inclusive - 5 a.m. - 10 p.m.
Sunday opening - 5 a.m. - 2 p.m. & 7 p.m. - 10 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£12,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £239,500 plus STOCK AT VALUATION (£12,000/£15,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £75,000
Tenure : Freehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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