Convenience Store and Post Office in Warwickshire For Sale

Situated in a small parade, unopposed trading position, residential, office and commercial area, Warwickshire.

Turnover £ 20,000
Post Office £ 18,000
Price £350,000

Features

Well Fitted Convenience Store and Post office

5 STAR HYGIENE RATING

Ample customer's car parking as there are no parking restrictions in front of shop.

DOUBLE FRONTED PREMISES in the region of 2,045 ft² WITH ELECTRIC SHUTTERS & DOOR, tiled floor, suspended ceiling with LED Panel lights, Combi sales counter, 2 EPOS till, modern adjustable shelving, drinks display fridge's (glass fronted upright double-door), display Freezer (glass fronted upright double-door), display Freezer (glass fronted upright three-door), ice cream machine, hot dog maching, Slushi machine, Costa Coffee Machine, CCTV system (31 cameras, 3 monitor).

Bakery section, with bake off oven, hot display cabinet

Stock room / Store room.
Staff Toilet with w.c. and wash hand basin..
Office.
Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 24% approx.. Wholesale newsbill £300 p.w.. POST OFFICE income in the region of £18,000 p.a. approx.

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

NATIONAL LOTTERY £150 per week approx.
PAY POINT £25 per week approx.

Staff

The business is at present operated by the Staff with 3 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 5.30am - 10pm
SATURDAY 7am - 10pm
SUNDAY 8am - 8pm

Outside

Large rear yard, garage/warehouse in the region of 150 ft² used for stock.
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 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £17,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION (£60,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote