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
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%.
||The SPACIOUS living accommodation, DOUBLE GLAZED does require some redecoration and comprises:
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
||TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £550,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT