Convenience Store with Huge Potential in Shropshire For Sale

Detached property, excellent trading position, residential area, Shropshire.

Turnover £ 6,250
Price £99,500

Features

Convenience Store with Counter Newspapers, Vapes and Off Licence with Huge Potential

Forecourt parking.

DOUBLE FRONTED PREMISES, in the region of 650 ft², WITH ELECTRIC SHUTTERS, CCTV (8 cameras), Tiled flooring, suspended ceiling with LED lighting.

Salescounter, electric cash register, 2 x 3.75m chillers, ice cream freezer, double door freezer, adjustable shelving, vape display cabinet, etc

Stock room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,00 p.w. - £6,500 p.w with a Gross profit of 22.5% approx.. Wholesale newsbill £300 p.w.

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

NATIONAL LOTTERY £100 per week approx.
EVRI PARCEL £175 per week approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 7.30 p.m.
SUNDAY 8 a.m. - 6 p.m.

Outside

Parking to the front for 4 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £9,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote