Business Overview:
Advent Business Sales are delighted to offer for sale this extremely well established traditional convenience store, which has been trading for almost a century.
The current vendor has been in ownership for over 12 years. The owner has now decided to sell due to retirement expectations.
The going concern is run on the lines of a traditional convenience store. It is well stocked with comprehensive ranges including:
Beers, wines and spirits.
Cigarettes and tobacco.
Chilled, frozen and convenience foods.
Confectionery and sweets.
Fruit and vegetables.
Stationery and greetings cards.
Toiletries and household items.
The owner has shown us plans drawn up by Londis head office with regards to projected sales after a £46,000 Londis refurbishment program. Sales are projected to grow to £15,000.
The vendor is willing to pay for the refurbishment if a new owner purchases the leasehold at goodwill of £99,950 with an annual rental of £12,000 with a 5 year lease.
Ref: 8881LN
Trading Hours:
Mon-Sun: 7.30am – 9.00pm.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Business Premises:
An end of terraced property briefly comprising of:
Ground Floor:
Retail sales area – approximately 700 square feet.
Staff room and stock room to rear.
First Floor:
2 bedrooms.
lounge – can be used as a bedroom.
Kitchen.
Lounge.
Bathroom/wc facilities.
External:
Double garage with off road parking.
Tenure: Freehold/Leasehold available on following terms:
Original lease: 5 years.
Remaining lease: 5 years.
Review every: 5 years.
Rent: £12,000 Per Annum.
We are advised that the annual business rates are currently: £560
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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