Well Established Convenience Store in Kent For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Kent.

Turnover £ 7,000
Price £150,000 / £625,000

Features

Convenience Store with off Licence, National Lottery and Pay Zone

DOUBLE FRONTED PREMISES, in the region of 1,500 ft², WITH ELECTRIC SHUTTERS, cctv (16 cameras), tiled floor, suspended ciling with LED lighting.

Sales counter, touch screen cash register, 2 upright freezers, 2 large (3.75m) chillers with doors, coffee machine, adjustable shelving, etc.

Walkin cold room (BEER CAVE)

Store room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. - £8,000 p.w. INCREASING with a Gross profit of 22.5% approx.

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

NATIONAL LOTTERY £75 per week approx.
BUS PASSES £125 per week approx.

Staff

The business is at present operated by the staff with 2 full time staff employed and part time staff as required.

Trading Hours

7 Day week
MONDAY - SUNDAY 6 a.m. - 11 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to a flat above comprising;

Fitted Kitchen / Diner
2 Double Bedrooms
Living Room
Bathroom with Bath, toilet and wash hand basin.

Outside

Yard.

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE for 16 years with reviews every 4 years at a initial rent of £30,000 p.a. for the first 4 years.

Alternatively as a Lock Up (i.e. without the benefit of the accomodation) a new SECURE RENEWABLE LEASE for 16 years with reviews every 4 years at a initial rent of £18,000 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 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £625,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) £ 437,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote