Convenience Store with Off Licence in Middlesex For Sale

Situated in a parade, busy road, MIDDLESEX

Turnover £ 8,500
Price £165,000

Features

Convenience Store, Confectionery, Tobacco, Full Free off Licence

SINGLE FRONTED MEDIUM SIZED SALES SHOP with woodstrip floor, suspended ceiling with LED lighting. The equipment includes 1-3.75m open cool display unit, 1-2.5m open cool display unit, deep freezer, counter, electronic cash register, modern shelving etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering further potential to increase in the right hands. The business has Oyster which we understand provides a commission of approximately £120 p.w.

Operated from the premises is a Post Office Local & the vendor receives a rental income in this respect of £500 per month.

Staff

Mainly staff operated. 3 staff employed. 1 morning newsround. Delivery charge £1.50 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Outside

Yard at rear with store shed

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £18,000 p.a. for the first 4 years. (As will be appreciated with the current rental income in respect of the Post Office section of £6,000 p.a. the net rental payable at the present time is only £12,000 p.a).

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTING £165,000 plus STOCK AT VALUATION £20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote