Old Established Convenience Store in Kent For Sale

Situated in a parade, busy road, densely populated residential area, KENT

Turnover £ 5,500
Price £59,500

Features

Old Established Convenience Store with off Licence

FORECOURT TO FRONT

DOUBLE FRONTED PREMISES in the region of 730 ft² WITH SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit (6 metres), open cool display unit (3.75 metres), drinks display fridge (glass fronted upright double-door), ice cream freezer, glass topped deep freeze, CCTV system (8 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 22% approx.

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

NATIONAL LOTTERY £150 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 11pm

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £15,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE NEW, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote