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Reference G7196

Convenience Store & Off Licence with accommodation in Devon For Sale

Convenience Store & Off Licence with accommodation in Devon For Sale
Convenience Store & Off Licence with accommodation in Devon For Sale Buy a Convenience Store & Off Licence with accommodation in Devon For Sale Sell a Convenience Store & Off Licence with accommodation in Devon For Sale

Register to see map and to make an appointment Situated end of terrace, occupying a corner position, residential area close to school & park, SOUTH DEVON

Turnover 3,000
Price 30,000 / 244,950

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SINGLE FRONTED SALES SHOP probably in the region of 650 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 1 upright single door display deep freezer, 1 upright single door glass fronted display fridge (used for beers), 1 open 2.5m cool display unit, 2 single door glass fronted display fridges (both on loan from Coca Cola), counter, electronic cash register etc.

Stockroom with shelving
Shower room with shower, w.c. & wash hand basin

Ground floor storage area

Turnover

WE ARE INFORMED the turnover currently averages 3,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 200 p.w.

Staff

The business is at present operated by the owners.

Trading Hours

Monday - Saturday - 8 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 2 p.m.

Accommodation

The accommodation situated on the first floor comprises:

2 Bedrooms (1 large double, 1 additional double)
Bathroom with bath, wash hand basin
Separate w.c.
Large Lounge
Kitchen (newly fitted approximately 2 years ago)

We are advised the flat is let on a short hold tenancy providing a rental income of 900 pcm

Outside

Courtyard at rear

Tenure

We understand the vendor, subject to satisfactory references, is prepared to grant a new 15 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 30,000 plus STOCK AT VALUATION (8,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 244,950 OR NEAR OFFER plus STOCK AT VALUATION (8,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 15,000 (lease) 171,465 (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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