Convenience Store & Off Licence in Surrey For Sale

Situated in a parade, main road trading position, densely populated residential area, SURREY

Turnover £ 4,750
Price £80,000

Features

Old Established Convenience Strore & off Licence

Ample customer's car parking with 1 hour free parking in front of shop.

DOUBLE FRONTED PREMISES in the region of 1,300 ft² WITH ELECTRIC SHUTTERS AND CANOPY, tiled floor, suspended ceiling with LED lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x open cool display unit (3 metres), ice cream freezer, CCTV system (5 cameras, 1 monitor).

Stock room

2 Staff Toilets with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500- £5,000 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 POINT £20 per week approx.
ATM £50 per month approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by the lady vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 11pm
SUNDAY 10am - 11pm

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £15,000 p.a. for the first 5 years.

Business Rates from April 2025 £1,890 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote