Convenience Store plus Cafe in Hampshire For Sale

Occupying a corner position, excellent trading position, residential area, Hampshire.

Turnover £ 5,000
Price £100,000

Features

Convenience Grocers with Vapes and Café

Outside seating for 6 people

RENTAL INCOME £24,600 p.a.

5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES, in the region of 375 ft², WITH ELECTRIC SHUTTERS, cctv (5 CAMERAS), Sales counter with EPOS cash register.

Tables and chairs seating 4 people.

Coffee machine (2 group), grinder, knock out drawer, blender, chest freezer, 3 single door chillers, open chiller, adjustable shelving, diplay cabinets for the vape products, wash hand basin.

Staff cloak room with toilet and sink.

Office.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 20% approx.

We are advised there is potential to sell liquor subject to local authority and landlord consent.

In addition the rented accommodation provides an additional income of £24,600 p.a..

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8.30 a.m. - 8 p.m.
SUNDAY 10.30 a.m. - 8 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to flat above comprising;

First floor;

3 Single bedrooms,
Fitted Kitchen / Diner
Bathroom with bath, sink and toilet.

The first floor flat, we are advised, is at present let on a shorthold tenancy providing a rental income of £1,250 per month


In addition set to the rear on the ground floor.

Self contained Studio flat - comprising bedsit with kitchenette and ensuite shower room, toilet and wash hand basin.

The flat is, we are advised, at present let on a shorthold tenancy providing a rental income of £800 per month.

Outside

Yard.

Garage.

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 £31,200 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND OFFERED FOR SALE DUE TO THE VENDOR'S OTHER FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote