Full description
***Well Established; Residential Footfall; Off Licence Corner Store***
---Features---
- Well Established Off Licence Corner Store
- Trading for more than 60+ Years
- Around 500 sq ft Floor-space
- Large Cellar Storage
- Fitted Shop including Display Stands, Shelving, Two Coolers (Used for Drinks & Dairy)
- Modern Adjustable Shelving
- Modern Point of Sale
- CCTV System with 4 Cameras and Recording
---Turnover---
BASED ON THE INFORMATION PROVIDED to us the estimated weekly turnover averages around £5,000 from the sale of alcohol, drinks, confectionary, grocery and, PayZone on commission basis. In our opinion the shop benefits from the local residential footfall and has a further potential to increase business. We are further advised that the gross profit is in the region of 40%. The business also has the potential to increase turnover by introducing Cash Machine, PayPoint, Oyster Terminal, News Paper deliveries and National Lottery.
---Staff---
At present the shop is operated by the vendor with the assistance two more part time staff.
---OPENING HOURS---
Monday to Sunday: 10.30am to 10.30pm
Sales could be increased by opening the shop early as the Licence permits opening hours from 8am to 11pm
---Accommodation---
The Freeholder has rented out the above apartment which has an access through the side of the building.
---Outside---
On Street parking in the front and a garden with a storage extension to the rear
---Tenure---
We understand the entire premises are held on a secure renewable lease and a brand new lease would be agreed for 15 years at a rental of £10,000 p.a. exclusive of rates.No Rates are applicable due to Small Business Relief, which is to be effective till 2016.
---Price---
ASKING PRICE INCLUDING THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IS £25,000, plus STOCK AT VALUATION (£8,000 approx)
EARLY INSPECTION IS HIGHLY RECOMMENDED
---Viewing---
Strictly through RAM Estate Agents. Call Us for more information or to schedule a viewing straight away.