Convenience Store for sale in Sandy

Sandy, Bedfordshire


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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, adjoining school, BEDFORDSHIRE

WE ARE INFORMED the turnover averages £6,300 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £850 p.w. We are further advised that the gross profit is shown on the accounts at 26.3%. In addition the business has online national lottery which with the scratch cards provides a further commission of approximately £90 p.w. The business also has Paypoint which we understand provides a further commission of approximately £26 p.w.

We understand the premises are held on a secure renewable lease having 15 years unexpired from March, 2014 at a rental of £14,500 p.a. exclusive of rates up to March, 2016 with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income from the maisonette over of £8.640 p.a. the net rental payable at present is only £5,860 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at the present time after small business relief.

WE UNDERSTAND THIS CONCERN HAS BEEN IN THE SAME FAMILY FOR THE PAST 42 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy and provides a rental income of £900 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 5 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £89,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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