Business Summary

Business Profile :
Established for around 20 years and under the current owners stewardship for the past six years this is a thriving and well positioned CTN business.

Business Hours:
The business operates Monday - Saturday 7.00am - 6.00pm. Sunday 9.00am - 4.30pm

Employees:
In addition to one full time vendor the business employs part time help during the busy periods.

Tenure:
We are advised that the premises are held on a full insuring and repairing lease with a rental of £16,000 per annum. The renewable lease expires in 2016.
Business rates payable are approximately £5,775 per annum.

Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of County
Business Sales.
Takings average around £8,700 weekly with additional income of £2,500 from lottery sales and £6,000 - £7,000 sales from pay zone.

Reason for Sale:
The owner is looking to retire.

Location/ premises:
This attractive business is situated over three floors on a busy corner plot location. The main
shop/ sales area measures in the region of 35sq ft. The first floor which is used for storage, measures approximately 30sq ft and the second floor, currently not used for anything, has two rooms and a WC There is scope to use either of the upper floors for additional sales space, office or perhaps accommodation, subject to the necessary planning. The premises have air conditioning, purpose built racking with newspaper shelving, ice cream freezer and two cash registers.

This is a confidential sale please DO NOT approach the owner without a formal appointment
Comments:

Potential exists for a new owner to open later hours. The business is situated in a busy location and there is clear potential to capitalize on the early evening trade in this busy town.
A new owner may also decide to stock alcohol and utilize the available space upstairs.
Asking Price £89,999 plus stock as valued.
Special Notes All negotiations will be conducted through county business sales who will be pleased to assist in every way but under the strictest terms of confidentiality as required by the vendor. Vendor to be responsible for own costs plus Agents fees. Purchaser to be responsible for own
costs plus landlord’s reasonable costs.

Property Details