Convenience Store for sale in Warwick

Warwick, Warwickshire


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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, WARWICKSHIRE

WE ARE INFORMED the turnover averages £11,000p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit we are advised 22% 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 between £50/60 p.w. The business also has Payzone. The business also has an external ATM machine & we understand the vendor receives a rental of £5,500 p.a. In addition a certain percentage from the useage of the machine by customers. We are further advised that the sales year ending 31st March, 2015 showed sales of £444,845 with a gross profit of £101,287 including commission from the ATM machine, lottery commissiion & Payzone of £8,522.

We understand the premises are held on a secure renewable lease for a period of 25 years from the 28th October, 1994 at a rental of £18,500 p.a. exclusive of rates up to October, 2019, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,500 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 8.30 a.m. - 8 p.m.
Sunday - 9.30 a.m. - 6 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£25,000/£30,000 approx. can be reduced).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £95,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
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