Old Established Convenience Store and Off Licence in Surrey For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Surrey.

Turnover £ 5,000
Price £55,000

Features

Well Established Convenience Store with off Licence

DOUBLE FRONTED PREMISES in the region of 580 ft² WITH ELECTRIC SHUTTERS, vinyl floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette draw, modern adjustable shelving, 3 x open cool display unit (3.75 metres), ice cream freezer, freezer, CCTV system (16 cameras, 1 monitorr).

Stock room / Store room.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 26% approx.

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

PAY POINT £30/£40 per week approx.

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff employed.

Trading Hours

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

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 2016 with reviews every 4 years (next review 2028) at a current rent of £12,500 p.a.

Business Rates from April 2024 £1,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote