Convenience Store in Croydon For Sale

Situated in a parade, excellent trading position, SURREY CROYDON

Turnover £ 11,500
Price £140,000

Features

Convenience Store and off Licence

DOUBLE FRONTED PREMISES in the region of 735 ft², WITH ELECTRIC SHUTTERS - CCTV (14 cameras), Alarm, Tiled floor, suspended ceiling with led lighting.

Sales counter, EPOS cash register, 2 open display chillers, double door freezer, chest freezer, modern shelving, mobile phone and vape counters, etc.

Stockroom.

Staff cloak room with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,500 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the 2 partners with the assistance of 1 full time and 1 part time staff.

Trading Hours

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

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 2019 with reviews every 5 years (next review 2029) at a current rent of £23,000 p.a.

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

THE VENDOR IS LOOKING FOR THE SALE TO BE VIA SHARE TRANSFER

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote