Convenience Store for sale in Surrey

Surrey


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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, SURREY

WE ARE INFORMED the turnover currently averages £7,000/£7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 20% approx. In addition the business has lottery sales which we understand understand provides a commission of approximately £40 p.w. The business also has Oyster which we understand provides a further commission of approximately £20 p.w.

The vendor owns the freehold and is prepared to grant, subject to satisfactory references, a new 20 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation not be required, the vendor is prepared to grant, subject to satisfactory references a new 20 years full repairing and insuring lease in respect of the shop only at a rental of £11,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wsh hand basin
Lounge
Kitchen

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 4 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £78,000 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: £78,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
Supermarkets
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