Convenience Store and Post Office in Cornwall For Sale

Detached property, main road trading position, residential area, Cornwall.

Turnover £ 8,000
Post Office £ 12,000
Price £139,500

Features

Well Established Convenience Store, Counter News, off Licence, Post office and National Lottery

Forecourt Parking

SINGLE FRONTED PREMISES, in the region of 850 ft², ALARMED, Vinyl and carpet tiled flooring, LED tube lighting.

Sales counter - Electronic cash register.

Equipement includes; 2 x 2.5m chest freezers with transparent top, 1m double door chiller, single door chiller, ice cream freezer, coffee machine, 2.5m open fronted display chiller, pasty warmer, cigarette gantry, adjustable shelving, etc.

Post office section with one serving position.

Walkin Coldroom.

Kitchen - Stainless steel extractor, commercial oven, built in oven and grill, stainless steel preparation table, single sink and drainer, wash hand basin, cupboards.

Staff cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 20% approx.. Wholesale newsbill £400 p.w.. POST OFFICE income in the region of £12,000 p.a. approx.

Staff

The business is at present operated by the vendor with 1 full time and 5 part time staff.

We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 8pm

Tenure

The vendor owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 15 years in 2024 with reviews every 3 years at an initial rent of £12,500 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote