Convenience Store plus Off Licence in Kent For Sale

Situated in a Parade, prominent trading position, residential and office area, Kent.

Turnover £ 9,500
Price £135,000

Features

Convenience Store Plus off Licence & Counter News

SINGLE FRONTED PREMISES in the region of 875 ft² WITH ELECTRIC SHUTTERS, vinyl floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, EPOS till, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright triple-door), Sluchi Machine, Costa Machine, Hot Dog Machine, dariy display fridge (glass fronted upright double-door), alcohol display fridge (glass fronted upright four-door), CCTV system (8 cameras, 1 monitor)

Stock room

Staff Toilet with w.c. and wash hand basin..

Kitchen

Basement in the region of 340 ft² used for storage purposes…

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £350 p.w.

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

NATIONAL LOTTERY £100 per week approx.
PAY POINT £10 per week approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY 7am - 11pm
SATURDAY & SUNDAY 8am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£15,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote