Convenience Store and Off Licence in South London For Sale

Situated in a terrace, residential village, GWENT, SOUTH WALES

Turnover £ 9,500
Price £100,000

Features

Old Established Conveniences Store Plus Off Licence

SINGLE FRONTED PREMISES in the region of 535 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit, ice cream freezer, glass topped deep freeze, CCTV system (9 cameras, 1 monitor).

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 35% approx.

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

PAY ZONE £10 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 - SUNDAY 9am - 9pm

Accommodation

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

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £16,800 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote