Convenience Store in Berkshire For Sale

Detached property, unopposed trading position, residential area, Berkshire.

Turnover £ 6,000
Price £110,000

Features

Convenience Store with Papers and off Licence

DOUBLE FRONTED PREMISES in the region of 400 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, drinks display fridge (glass fronted upright triple-door), 2 x drinks display fridge (glass fronted upright double-door), ice cream freezer, freezer, CCTV system (16 cameras, 1 monitor).

Stock room.

Toilet with w.c. and wash hand basin.

Kitchen.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £150 p.w.

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

NATIONAL LOTTERY £40 per week approx.
PAY POINT £10 per week approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 8pm
SUNDAY 9am - 7pm

Outside

Parking space for 1 car.

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 3 years at a rent of £20,000 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 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote