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Convenience Store and Post Office in Essex For Sale

Convenience Store and Post Office in Essex For Sale
Convenience Store and Post Office in Essex For Sale Buy a Convenience Store and Post Office in Essex For Sale Sell a Convenience Store and Post Office in Essex For Sale

Register to see map and to make an appointment Main road trading position, residential & commerciall area ESSEX

Turnover 7,000
Post Office 25,000
Price 60,000 / 425,000

Features

Detached Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus Post office Local

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales with tiled floor, suspended ceiling with concealed lighting & well equipped including counter, till with EPOS scanning system, 1 upright glass fronted display deep freezer, 1 chest deep freezer, 3-3.75m open cool display units, modern adjustable shelving, post office counter with 2 positions. CCTV system with 16 cameras, 1 monitor plus recording.

2 stockrooms

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opiniion offering further potential to increase in the right hands. Wholesale newsbill 500 p.w. Gross profit 20% approx. We understand the business currently operates as a sub post office, however obviously the transfer of the post office is subject to approval by Post Office Counters & we understand that the sub post office will be designated a Post Office Local. We further understand that the anticipated income is in the region of 25,000 p.a.

Staff

At present operated by 1 of the partners with the assistance of a relative on a full time basis plus 4 part time staff.

Trading Hours

Monday, Tuesday, Wednesday & Thursday - 5 a.m. - 8 p.m.
Friday & Saturday - 5 a.m. - 9 p.m.
Sunday opening - 6 a.m. - 8 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large hall area with first floor storage area
Large lounge with fitted kitchen

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of 16,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 1,800 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 60,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 425,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 30,000 (lease) 297,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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