Convenience Store for sale in Suffolk

Suffolk


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Occupying a corner position, busy road, densely populated residential area, SUFFOLK

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering tremendous potential for further development in the right hands. Wholesale newsbill £1,500 p.w. The business also receives commission in respect of the Parcel Service with parcels being left at the shop & collected from the shop. We understand the commission is currently in the region of £250 per month. The business also has lottery scratch cards which we understand provides a commission of approximately £50 p.w.

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

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation situated on the first floor with FULL GAS FIRED CENTRAL HEATING comprises:

2 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

WE UNDERSTAND FROM THE PRESENT OWNER THAT THE PROPERTY HAS PLANNING PERMISSION TO BUILD AN ADDITIONAL ROOM ON THE FIRST FLOOR OVER THE STOCKROOM. WE UNDERSTAND THE PLANNING PERMISSION EXPIRES IN MARCH, 2016 & THE WORK WOULD BE NEED TO BE UNDERTAKEN BY THAT TIME. THE PRESENT OWNERS WE UNDERSTAND HAVE A QUOTE FOR THE COST OF THIS WORK TO BE IN THE REGION OF £25,000.

OBVIOUSLY WITH THE ADDITIONAL ROOM YOU WOULD THEN HAVE 3 DOUBLE BEDROOM ACCOMMODATION AS OPPOSED TO ONLY 2 DOUBLE BEDROOMS, HOWEVER, IT MUST BE NOTED THAT THIS WORK NEEDS TO BE CARRIED OUT OTHERWISE IT IS THE VENDORS INTENTION TO WITHDRAW THE PROPERTY FROM SALE & CARRY OUT THE EXTENSION HIMSELF.

Monday - Saturday inclusive - 6 a.m. - 10 p.m.
Sunday opening - 7 a.m. - 2 p.m.

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £360,000 plus STOCK AT VALUATION (£25,000/£30,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £360,000
Tenure : Freehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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