Impressive Convenience Store in Essex For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, Essex.

Turnover £ 8,000
Price £100,000

Features

Newly Fitted Convenience Store with off Licence

NEWLY FITTED 2022

DOUBLE FRONTED PREMISES in the region of 975 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED panel lights, sales counter, EPOS till, cash register, cigarette draw, 3 x open cool display unit (4.75 metres), ice cream freezer, 2 x Glass topped deep freeze, modern adjustable shelving, CCTV system (16 cameras, 1 monitor), etc.

Basement, used for storage purposes.
Toilet with w.c. and wash hand basin..
Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 22% approx.

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

7 Day week
MONDAY - FRIDAY 7am - 10pm
SATURDAY & SUNDAY 8am - 10pm

Outside

Parking space for 2 car.

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 2023 with reviews every 5 years (next review 2028) at a current rent of £41,000 p.a.

Business Rates from April 2023 £1,470 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£75,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote