10 Jun 2012

SELF SERVICE CONVENIENCE STORE & BUTCHERS WITH OWN PARKING FOR SALE IN HIGH WYCOMBE TOWN CENTRE *

Superbly fitted SELF SERVICE CONVENIENCE STORE, BUTCHERY FOR SALE - Situated end of parade, excellent town centre trading position, HIGH WYCOMBE, BUCKINGHAMSHIRE - Leased a car parking area situated approximately 20m from the shop and able to accommodate approximately 35 cars. - Car park is held on a 5 years renewable lease from October, 2010 at a rental of £3,000 p.a. exclusive of rates, fixed for the first 3 years. - 5 of the parking spaces are let to a local business and providing a rental income of £220 per month, reducing the net rental payable for the car park to only £360 p.a. exclusive of rates. - SPACIOUS DOUBLE FRONTED SALES SHOP plus SIDE WINDOWS - approx 2,300 sq. ft. including storage area, - ceramic tiled floor - suspended ceiling with concealed lighting. - modern adjustable shelving - 2 centre display gondolas - approximately 7m sliding glass topped chest display units - 3-3.75m open cool display units (2 of which we understand are new) - checkout counter with - 2 electronic cash register. - FULLY EQUIPPED BUTCHERS SECTION - 5½m cool display butchers counter - 2 butchers blocks - ban saw, mincer - 2 electronic scales - Walk in Cold room - Solid customer base - Great visibility from main road - Immediate parking for 2 cars at rear of shop The business commenced trading in October, 2010 and the turnover is currently in the region of £12-14,,000 p.w. offering tremendous potential for further increase. As this figure is without sale of wines, beers and spirits, cigarettes or newspapers. (subject to obtaining the necessary Licenses) Gross profit approx 30%. (split of turnover is approximately 50% in respect of groceries with the balance of 50% in respect of butchery). Opening Hours 9 a.m. - 8 p.m. seven days per week Currently operated by a family member on a full time basis with the assistance of 2 full time butchers. Tenure We understand the premises are held on a secure renewable lease for a period of 7 years from August, 2010 at a rental of £18,000 p.a. exclusive of rates, fixed for the remainder of the term. Uniform Business Rates: £8,500 p.a. approx TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,,000 plus STOCK AT VALUATION This is a great opportunity as could potentially double its takings with a few simple additions to product range as above. Open to negotiation as looking for a quick sale due to funding needed to complete another venture we are involved in.

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