Newley Fitted Convenience Store in Kent For Sale

Occupying a corner position, end of parade, busy road, KENT/SURREY boarders

Turnover £ 13,000
Price £200,000

Features

Convenience Store with off Licence

FITTED OUT 2024 AT A COST OF £100,000 APPROX
4 AM LICENCE

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights, sales counter, cigarette draw, EPOS till, 3 drinks display fridge (glass fronted upright double-door), 3 door display freezer (glass fronted upright), ice cream freezer, CCTV system (16 cameras, 1 monitor).

Stock room.
Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,000 p.w. with a Gross profit of 28% approx.

Staff

The business is at present operated by the vendor on a partime basis with the assistance of 5 part time staff.

Trading Hours

7 Day week (benefitting from 4 am Licence)
MONDAY - SATURDAY 7am - 1am
SUNDAY 8am - Midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £18,000 p.a.

Business Rates from April 2024 £350 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote