
Advert Ref: C7351
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Asking price: £15,000
Sales revenue: £208,000
Business description: SINGLE FRONTED MEDIUM SIZED SALES SHOP with lino floor, fluorescent lighting. The equipment includes counter, electronic cash register, ice cream deep freeze, storage deep freeze, upright double door glass fronted display fridge, 3 upright single door display fridges, open cool display unit (on loan from Coca Cola), etc.StockroomStaff w.c. and wash hand basin
Employees: The business is at present operated by the vendor with the assistance of 1 part time staff.
Trading hours: Monday - Sunday inclusive - 8 a.m. - 9 p.m.
Property : Leasehold
Lease terms: We understand the premises are held on a secure renewable lease from a private landlord, having 5 years unexpired from August, 2009 at a rental of £5,200 p.a. exclusive of rates up to December, 2009, increasing at that time to £6,000 p.a. exclusive of rates for the remainder of the lease. Uniform Business Rates: £600 p.a. approx. (after small business relief) RECOMMENDED FOR EARLY INSPECTION
Location: Occupying a corner position, end of terrace, residential area, MANCHESTER
Expansion potential: WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. (It should be noted the vendor does sell some newspapers, however, these are not direct supplies). Gross profit 24% approx.
Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £15,000 plus STOCK AT VALUATION
Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.