Convenience Store for sale in Southampton

Southampton, 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, densely populated residential area with river, park & school nearby, HAMPSHIRE

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £650 p.w. Gross profit 18% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £100 p.w. The business also has Paypoint. In addition there is an ATM machine which we understand provides a further income of approximately £280 per month.

We understand the entire premises are held on a secure renewable lease having 10 years unexpired from October, 2015 at a rental of £10,800 p.a. exclusive of rates up to October, 2015. (The present owners have stated they do not anticipate any further rent increase at this time). We are further advised that the rent reviews are every 5 years.

Uniform Business Rates: £1,600 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen with fitted units

Sunday - 7 a.m. - 8 p.m.
Monday - Thursday inclusive - 7 a.m. - 9 p.m.
Friday & Saturday - 7 a.m. - 10 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £50,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Newsagents
Off Licences
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