Convenience Store with Off Licence in Herefordshire For Sale

Residential area, close to City Centre, HEREFORD, HEREFORDSHIRE

Turnover £ 5,000
Price £49,500

Features

Old Established Convenience Store with off Licence

SINGLE FRONTED PREMISES in the region of 440 ft² WITH SHUTTERS, tiled floor, ceiling with fluorescent lighting, sales counter, cigarette gantry, cash register, adjustable shelving, 2 x drinks display fridge (glass fronted upright single-door), Coca-Cola fridge, ice cream freezer, CCTV system (4 cameras, 1 monitor), chest freezer for sale of chips, vegetables etc..

Stock room.

Office with 1 chest freezer, 1 upright fridge & 4 fridges

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £225 p.w.

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

NATIONAL LOTTERY £100 per week approx.
PAY POINT £30 per week approx.
UPS £100 per month approx.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 8am - 7pm
SATURDAY 8am - 4pm
SUNDAY 9am - 4pm

In the winter months

MONDAY - FRIDAY 8am - 2pm then 4.30pm - 7pm

Accommodation

THE ACCOMMODATION. The accommodation comprises:

Ground floor
Kitchen.

First floor
1 Large bedsitting room.
Lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) expires May 2024 at a current rent of £11,970 p.a.

Landlord subject to references are happy to grant new 12 year lease with rent reviews every 4 years with a starting rent of £13,200

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£8,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote