Convenience Store and Off Licence in Kent For Sale

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

Turnover £ 3,000
Price £95,000

Features

Convenience Store with Counter News and Off Licence

Customer Parking outside.

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 550 ft², WITH ELECTRIC SHUTTERS, CCTV (6 Cameras), non-slip vinyl flooring, suspended ceiling with LED lighting.

Sales counter, electric cash register, 2 open display chillers, ice cream freezer, cards racks, spinner, vape display, cigarette boxes, adjustable shelving, scales, etc.

Stock room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £400 p.w.

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

NATIONAL LOTTERY £80 per week approx.
PARCEL SERVICES £1,000 per month approx.

Staff

The business is at present operated by the lady vendor and family assistance as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 8 p.m.
SUNDAY 7 a.m. - 5 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Box room.

Outside

Rear yard & parking space for 1 car.

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 2013 with reviews every 4 years (next review 2029) at a current rent of £27,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote