Newly Fitted Convenience Store in Hertfordshire For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, HERTFORDSHIRE, adjacent to the college.

Turnover £ 7,500
Price £155,000

Features

Newly Fitted Convenience Store and off Licence

6 DAYS OPENING
NEWLY FITTED 2022

DOUBLE FRONTED PREMISES in the region of 430 ft² with ELECTRIC SHUTTERS & LED signboard. Lino floor, suspended ceiling with LED lighting, sales counter, cash register, 3m open cool display unit, ice cream freezer, glass fronted upright single door drinks display fridge, modern adjustable shelving, coffee machine, Slushy Machine, photocopier, etc.

Small stock room
Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 - £8,000 p.w. with a Gross profit of 30% approx.

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

NATIONAL LOTTERY £50 per week approx.
OYSTER £30 per week approx.
PAY ZONE £30 per week approx.
SIGN BOARD £150 per month

Staff

The business is at present operated by 2 full time staff & the vendors brother part time.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 9pm
SATURDAY 11am - 8pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,300 per month. The accommodation comprises:

1 Large bedsitting room.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

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 2016 with reviews every 3 years (next review 2028) at a current rent of £27,000 p.a.

NIL Business Rates after full relief (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 £155,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote