Convenience Store Bakery And Full Free Off Licence For Sale - Gwent, United Kingdom

Asking price: £145,000

Sales revenue: £676,000

Business description: SPACIOUS DOUBLE FRONTED SALES SHOP approx. 2,500 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, adjustable shelving, 4 centre display gondolas, 1-3.75m island display deep freeze, 1 3-door upright display deep freeze, 1-5m open cool display unit, 1 upright double door chiller (on loan from Coca Cola), 1 additional upright double door chiller (owned and used for wines and beeers), 1 upright single door drinks display fridge (on loan from Lucozade), 1 additional upright single door display fridge (on loan) etc.Large stockroomLarge fully equipped bakery including 5-deck bakers oven, 1 prover, mixer, bun maker, bread slicer etc.Staff cloakroom with w.c. and wash hand basin

Employees: The business is at present operated by the vendor with the assistance of family help plus 2 full time and 2 part time staff.

Trading hours: Monday - Saturday inclusive - 7 a.m. - 9 p.m. Sunday opening - 9 a.m. - 9 p.m.

Property : Leasehold

Lease terms: We understand the premises are held on a secure renewable lease, the present lease having approximately 16½ years unexpired at a rental of £13,800 p.a. exclusive of rates for the next 1½ years, with rent review at that time and thereafter every 5 years. RECOMMENDED FOR EARLY INSPECTION

Living accomodation: The SPACIOUS SELF CONTAINED accommodation with CENTRAL HEATING, comprises: 4 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Large Lounge with kitchen area

Location: Situated in a parade High Street trading position, village residential area with 2 schools nearby, SOUTH WALES.

Expansion potential: WE ARE INFORMED the turnover averages £13,000/£14,000 p.w. (including bakery turnover of £2,000/£3,000 p.w), in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx.

Reasons for selling: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION (£40,000/£50,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Financing available? SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.