Convenience Store in Surbiton For Sale

Situated in a parade, prominent trading position, residential area, Surrey. SURBITON

Turnover £ 6,000
Price £55,000

Features

Convenience Store with off Licence

DOUBLE FRONTED PREMISES in the region of 450 ft² WITH ELECTRIC SHUTTERS. Wood strip floor, suspended ceiling with fluorescent lighting. Sales counter, cigarette gantry, EPOS till, cash register, modern adjustable shelving, 2m open cool display unit, 5m open cool display unit, ice cream freezer, double door freezer, . CCTV system (4 cameras, 1 monitor).

Small store room

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 22% approx. Wholesale newsbill £1,000 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £65 per week approx.
OYSTER £25 per week approx,

Staff

The business is at present operated by the vendor's wife with family support. 1 newsround. Delivery charge £3.50 p.w. (55 houses)

Trading Hours

7 Day week
MONDAY - FRIDAY 5.30 a.m - 7.30 p.m
SATURDAY 6 a.m - 7.30 p.m
SUNDAY 6 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2014 with reviews every 4 years (next review 2026) at a current rent of £10,000 p.a.

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

THE BUSINESS IS OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote