Convenience Store in Essex For Sale

Situated end of parade, busy road, ESSEX

Turnover £ 2,500
Price £50,000

Features

Well Equipped Convenience Store with off Licence

Forecourt to front.

SINGLE FRONTED PREMISES CORNER POSITION in the region of 500 ft² with AWNING AND ELECTRIC SHUTTERS. CCTV (12 cameras). Tiled floor with suspended ceiling, LED light panels. Sales counter, electric cash register, 2 3m chillers, triple door freezer, modern adjustable shelving, vaping display cabinet, tobacco gantry.

Storeroom, fully shelved

Staff cloakroom, toilet and sink

Kitchen with fridge, microwave and sink

Turnover

Recently re-opened having been mismanaged by staff currently £2,000/£3,000 p.w. in our opinion having terrific potential to increase with additional stock. Pay Point. Applied for Oyster and Parcel courier service and Lottery.

Staff

The business is at present staff operated

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m - 10 p.m
SUNDAY 8 a.m - 9 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to Flat above, at present let on a shorthold tenancy until February,2024, providing a rent of £1,145 per calendar month. The accommodation comprises:

2 Double bedrooms
Kitchen / diner
Bathroom with bath, sink and toilet

Outside

Garden at rear

Parking space

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a. (As will be appreciated with the current rent of £13,740 from the accommodation the net rent payable at the present time is only £6,260 p.a).

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote