Convenience Store and Off Licence in Bedfordshire For Sale

Unopposed trading position, residential area, Bedfordshire

Turnover £ 10,000
Price £165,000

Features

Convenience Store and off Licence

• There is an ATM on the site
• 15 reserved car parking for the shop

TRIPLE FRONTED PREMISES in the region of 2,900 ft² WITH ELECTRIC SHUTTERS, tiled floor, laminated strip floor, suspended ceiling with LED panel lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 6 x open cool display unit, double door freezer, triple door freezer, deep freeze, ice cream freezer, CCTV system (16 cameras, 3 monitor).

Stock room.
Office.
Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 25% approx.

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

NATIONAL LOTTERY £50 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the vendor with family support with the assistance of 2 part time staff.

Trading Hours

7 Day week (11pm licence)
MONDAY - SUNDAY 7am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (from a limited company) granted for 20 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £24,000 p.a.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote