Convenience Store and Off Licence in Essex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Essex.

Turnover £ 10,000
Price £155,000

Features

Well Fitted Convenience Store Plus off Licence

FORECOURT

DOUBLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC SHUTTERS AND CANOPY AND ELECTRIC DOOR, tiled floor, ceiling with spot lights, sales counter, EPOS till, under counter cigarette draw, modern adjustable shelving, 4 x drinks display fridge (glass fronted upright triple-door), ice cream freezer, CCTV system (8 cameras, 1 monitor).

3 Stock rooms 1 behind the till area

Toilet with w.c. and wash hand basin.

Basement not currenty used.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. increasing to £17,000 in the summer with a Gross profit of 23% approx.

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

PAY POINT & COLLECT PLUS £30 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 11pm
SUNDAY 7am - 10pm

Alcohol license authorised by council
Monday - Thursday 8am - 1am
Friday & Saturday 8am - 3am

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 5 years (next review 2029) 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 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote