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, sought after residential area, close to 2 hotels and a cricket ground, HAMPSHIRE.

WE ARE INFORMED the turnover currently averages £9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,000 p.w. We are further advised that the gross profit is in the region of 20%. In addition, the business is Agents for the sale of on line National Lottery tickets plus scratchcards and, we understand, this provides a commission of approx. £80 p.w. The business has a Hermes collection and delivery service which, we understand, is providing a further revenue of approx. £80 p.w.

WE UNDERSTAND the premises are held on a secure renewable lease, the present lease having approx. 18 years unexpired at a current rental of £20,000 p.a. excl. of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform business rates £6,000 p.a. approx.


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

7 a.m. - 9 p.m. seven days per week.

PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £89,000 plus stock at valuation (£20,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Viewing Strictly by appointment.

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business information

Sale price: £89,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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