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Reconstitued Cotswold Stone Virtually Freehold (leasehold Property Approximately 73 Years Unexpired Ground Rent 10 Per Annum - Fixed No Revisions) Semi-detached Self Service Convenience Store, News, Confectionery, Tobacco, Full Free Off Licence for Sale

Gloucestershire


4 bedroom

Leasehold : 550,000
Freehold : 550,000
Turnover : 12,500 p.w.

Residential estate, sought after COTSWOLDS LOCALITY.

WE ARE INFORMED the turnover currently averages 12,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,000 p.w. In addition the business has on line national lottery which we understand provides a commisison of 150 p.w. We are further advised that the trading & profit & loss accounts year ending 31st May, 2013 showed sales of 787,913 (including on line national lottery plus scratch card sales) with a gross profit of 149,851 i.e. 19.02% & reconstituted net profit of 88,170. We are further advised that the turnover for the period 1st June, 2013 to the 28th February, 2014 showed sales of 553,794 (including sales of on line national lottery tickets plus scratch cards) with a gross profit of 104,241 i.e. 18.82%.

Accommodation: The SPACIOUS living accommodation, DOUBLE GLAZED does require some redecoration and comprises:

Ground floor
Lounge
Fitted Kitchen
Conservatory

First Floor
4 Bedrooms (3 doubles plus 1 single (at present used as an office)
Fully tiled bathroom with bath, electric shower over bath, w.c. & wash hand basin
Additional bathroom with bath, w.c. & wash hand basin
 
Tenure: TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 550,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
 
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119 Advert ID 44616    Sellers Ref : G7061/BSOL

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