Convenience Store and Off Licence in West Sussex For Sale

Semi-detached property, unopposed trading position, residential area, West Sussex.

Turnover £ 6,500
Price £70,000

Features

Convenience Store Plus off Licence

SINGLE FRONTED PREMISES in the region of 550 ft² with laminated strip floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette draw, Coffee Machine, modern adjustable shelving, drinks display fridge (glass fronted upright four-door), drinks display fridge (glass fronted upright), drinks display fridge (glass fronted upright door-door), ice cream freezer, CCTV system (8 cameras, 1 monitor).

Kitchen.

Staff Toilet with w.c. and wash hand basin..

Basement not utilised in the region of 150 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 22% approx.

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

NATIONAL LOTTERY £60 per week approx.

Staff

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

Trading Hours

7 Day week (Licenced 6am -10pm)
MONDAY - SUNDAY 8am - 8.30pm

Outside

Side yard with 2 stock rooms

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for granted for 16 years in 2020 with reviews every 4 years (next review 2028) at a current rent of £9,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote