Staff Run Convenience Store with Post Office in Hertfordshire For Sale

End of terrace property, High Street trading position, residential and commercial area, Hertfordshire.

Turnover £ 6,000
Post Office £ 18,000
Price £120,000

Features

Staff Run Convenience Store, Newspapers Plus off Licence & Post office

ATTRACTIVE BRICK FRONTED PREMISES, in the region of 650 ft², ALARMED, CCTV (3 cameras). Carpet flooring, plaster board ceiling with Tube Lighting.

Sales counter, EPOS cash register.

2 chillers, ice cream freezer, frozen food freezer, adjustable shelving.

Post Office counter with anti-bandit screen (1 position) and parcel hatch.

Stock room.

Clock room with toilet and wash hand basin.

Kitchenetter with cooff macking facility.

Stairs to the first floor, in the region of 450 ft² used for storage.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 25% approx. Wholesale newsbill £800 p.w. POST OFFICE income in the region of £18,000 p.a. approx.

Staff

The business is at present operated by staff, 1 full time & 4 part time staff. 2 Local news rounds, delivery charge £3.50 p.w.

We are informed the wage bill averages £1,000p.w. approx.

Trading Hours

Retail 7 Day week
MONDAY - FRIDAY 6.30am - 5.30pm
SATURDAY 6.30am - 5pm
SUNDAY 7am - 1pm

Post Office
Monday, Tuesday, Thursday and Friday 9 am - 5.30 pm
Saturday and Wednesday 9 am - 1 pm

Outside

Shed used for stock.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £8,500 p.a.

N.B. The Purchaser is to be responsible for the Landlord's costs.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote