The shop is fitted and equipped for the sale of newsagent’s convenience goods including dairy, confectionary, household goods, greeting cards, tobacco, magazines, newspapers, alcohol license, oyster, pay zone, national lottery. Double front shop sliding leading to a trade area of circa 550 sq ft and is fitted with various display shelving, drinks chillers, dairy chillers, and ice-cream freezer, CCTV. The trade area consists of tiled flooring and a suspended ceiling and to the rear there is a store room, kitchenette, WC and exterior yard.
Location
The premises are prominently located on St. Albans Road occupying a fantastic trading position in a popular residential area of North Watford other local amenities include schooling facilities and an Asda Superstore and located close to the A41 & the Dome roundabout.
Accommodation
SIZE: A total square 550 sq ft approximately
UTILTIES: All main services are connected.
Terms
BUSINESS: The business has been owned by our client for over 22 years. It now requires a new owner to take the business forward by looking to join a symbol group and introduce the latest offering suitable for a 21st Century convenience store
USES: A1 with alcoholic license for bottles or cans of alcoholic beverages for consumption off the premises
TERMS: New 16 years full repairing and insuring lease by arrangement with periodic rent reviews.
RENTAL: £12,000 per annum
BUSINESS RATES: £800 per annum approximately via small business relief. Interested parties are recommended to make their own enquiries with the Rating Department of Watford Council
OPENING HOURS: Monday 6 a.m - Saturday 8 p.m & Sunday 7 a.m - 2 p.m
PREMIUM: £39,000 for the benefit of the lease, fixtures, fittings and goodwill.
STOCK ON VALUATION: £12,000 approximately
TURNOVER: Current turnover in excess of £234,000 per annum with 30 profit margin.
STAFF: Husband & Wife team with 1 part-time staff.