Convenience Store with Off Licence in Somerset For Sale

Semi-detached property, excellent trading position, residential area, Somerset.

Turnover £ 18,000
Price £865,000

Features

Convenience Store with Counter News and off Licence

DOUBLE FRONTED PREMISES,M in the region of 1,350 ft², CCTV (18 cameras), insudustrial non slip flooring, suspended ceiling with LED lighting.

Sales counter, 2 EPOS cash registers.

Two double door upright freezers, 3m chiller with doors, 4m chiller with doors, ice cream freezer (Walls), coffee machine ( rented), slushy machine (2 flavours), adjustable shelving, illuminated VAPE cabinet (from JTI), confectionary display units, metal stands / racking, etc.

Stock room - Large chest freezer, fridge, shelving.

Staff cloak room with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. with a Gross profit of 19% approx. We are informed the sales for year ending 31.12.23 shows turnover of £796,609 and a Gross Profit of £135,857.

Staff

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

Trading Hours

7 Day week
MONDAY - FRIDAY 7 a.m. - 8 p.m.
SATURDAY & SUNDAY 8 a.m. - 8 p.m.

Accommodation

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

On the first floor

Fitted kitchen
Living room
Office / Study
Double bedroom
Shower room with shower, sink and toilet.
Utility room

Stairs to second floor (loft conversion)

2 bedrooms (1 large double with eaves access, 1 single)
Bathroom - Bath with shower over, sink and toilet.


ALSO INCLUDED THE ADJOINING SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to flat above comprising;

Kitchen / Dining room.
Study or single bedroom.
Double bedroom
Bathroom with bath and shower above, sink
Speratate toilet.

We are advised this flat is presently let on a short hold tenancy at a rental income of £750 p.m. Vacant possession if required.

Outside

Small Garden.

Garage used for stock purposes.

Tenure

FREEHOLD

Business Rates from April 2025 £4,491 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £865,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 605,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote