Off Licence and Mobile Phone Shop in Bromley For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, KENT. BROMLEY

Turnover £ 7,000
Price £149,500

Features

off Licence Plus Vape, Mobile Phone and Accessories Shop

DOUBLE FRONTED PREMISES in the region of 1,320 ft² with ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with panal lighting. Air conditioning with hot air. Glass fronted sales counter, EPOS till, modern adjustable shelving, 2m-2 double door glass fronted drinks display fridge, 3.5m-3 double door glass fronted upright drinks display fridge.

Basement in the region of 585 ft², used for storage purposes

Staff toilet with w.c. and wash hand basin
Kitchen
Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. (40% via off licence/60% Mobile etc) with a gross profit of 50% approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURSDAY 9 a.m - 8 p.m
FRIDAY & SATURDAY 9 a.m - 9.30 p.m
SUNDAY 11 a.m - 7 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £35,000 p.a.

Business Rates from April 2022 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE,DUE TO THE VENDOR EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION (£80,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote