Convenience Store plus Off Licence in Berkshire For Sale

Situated in a parade, sought after village location, BERKSHIRE

Turnover £ 5,000
Price £90,000 / £350,000

Features

Convenience Store with Off Licence

ZERO RENT PAYABLE

SINGLE FRONTED PREMISES in the region of 925 ft² with vinyl floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, modern adjustable shelving, open cool display unit, drinks display fridge (glass fronted upright three-door), Monster Fridge, , RedBull Fridge, ice cream freezer, display freezer.

Stock 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 22% approx.. Wholesale newsbill £175 p.w.

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

NATIONAL LOTTERY £150 per week approx.
PAY POINT INCLUDING PARCEL £100 per week approx.
PAY ZONE - TBA (just introduced)

Staff

The business is at present operated by the Husband & Wife team.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 8pm
SUNDAY 9am - 6pm

Outside

INCLUDED IN THE FREEHOLD SALE ONLY Rear yard with Shed in the region of 200 ft² (Shed can be remove and extend the shop)

Tenure

VIRTUALLY FREEHOLD (999 year LEASE from 2021, ZERO rent.)

The vendor owns the Long Leasehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £13,800 p.a. for the first 5 years.

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

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

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 (excluding the Shed) plus STOCK AT VALUATION (£15,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

THE VALUABLE INCLUDE THE VIRTUAL FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) £ 245,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote