Convenience Store with Off Licence in Surrey For Sale

Main road trading position, residential area, SURREY

Turnover £ 5,000
Price £85,000

Features

Detached Self Service Convenience Store, Counter News, Full Free off Licence

DOUBLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area. Well equipped including modern adjustable shelving, counter, till with touch screen, 1-2m open cool display unit (used for wines & beers), 1-2.75m open cool display unit (used for dairy, milk, beers), large glass topped chest deep freezer, 1-3.75m open cool display unit etc.

Small stockroom

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000+ p.w. with a Gross profit of 18% approx.

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

NATIONAL LOTTERY £50 per week approx.
OYSTER £10 per week approx.
PAYPOINT with PARCEL SERVICES £150 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 - SUNDAY 8 am - 10 pm

Accommodation

The SELF CONTAINED accommodation at present used by staff, we understand can be vacant on completion if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen with fitted units

Outside

Garden at rear. 2 Garages (could provide a rental income of £200 per month)

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 2011 with reviews every 5 years (next review 2026) at a current rent of £14,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote