Convenience Store and Off Licence in Coventry For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, WEST MIDLANDS. COVENTRY

Turnover £ 4,700
Price £49,500

Features

Well Fitted Convenience Store Plus off Licence (2 Am Licence)

FORECOURT WITH PARKING FOR 1 CAR

NEWLY FITTED DECEMBER 2022

DOUBLE FRONTED PREMISES in the region of 360 ft² with ELECTRIC SHUTTERS, Vinyl floor, suspended ceiling with LED lighting. Sales counter, EPOS till, modern adjustable shelving, 3.5m open cool display unit, 1.5m open cool display unit, ice cream freezer, Redbull Fridge. CCTV system (16 cameras, 1 monitor).

Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,700 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:

PAY POINT £20 per week approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m - 11 p.m
SUNDAY 8 a.m - 10 p.m
We understand the premises has a 2 a.m. licence.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2014 with reviews every 5 years (next review 2024) at a current rent of £3,720 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 (SAME FAMILY SINCE 2014) AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote