RETAIL SHOP, RAVENSHEAD

Overview

Property ID : 3708

Description

This long established and profitable business trades from Ravenshead’s main shopping precinct alongside a convenience store, Post Office, news agency / coffee shop, delicatessen, solicitor, mortgage advisor plus professional offices and a couple of take-aways. The sales shop is of a good size with forecourt display outside. There is no direct competition locally.

KEY INFORMATION:

Takings. Sales were of the order of £150,000 in the financial year 2020 / 2021, net of vat.

Stock Level. Mostly fresh, varies seasonally, say £1,000 / £1,500 maximum, to be taken at valuation.

Staff. Vendor and 1 staff member sharing duties plus occasional casual assistance as required.

Trading Hours. 9.00am to 5.00pm Tuesday to Friday. Saturday 9.00am to 4.00pm. Closed on Monday.

Living accommodation. There is a 2 bed / lounge / kitchen flat above the shop. Currently let at £495. p.c.m.

Tenure. Leasehold.

Term. 9 years from 30.9.2014. (Renewable)

Rent. £8,000 p.a.x. (Includes self-contained flat above – currently let out.)

Rating. Ashfield District Council.

Business Rates payable. £Nil with S.B.R.R.

Summary. This fruit and vegetable business is well supported by the local population with the square acting as the focal point of the village. The rent is very low when taking account of the ability to sublet the flat above which can of course be brought into use by the buyer – subject to appropriate notice period. A sound business opportunity which would suite a family unit. Although the business is competitively priced, realistic offers will be considered.