Well fitted Convenience Store and Off Licence in Kent For Sale

Situated in a parade, excellent main road trading position, KENT. We understand from the vendor that the town is currently under significant redevelopment, which should add to future footfall.

Turnover £ 9,000
Price £110,000

Features

Well Fitted Convenience Store, Counter News, off Licence, Confectionery, Tobacco, Greeting Cards, Ices, Soft Drinks

SPACIOUS SALES SHOP in the region of 1,000/1,200 sq. ft. sales area. We understand refitted in 2017. Vinyl floor, suspended ceiling with LED concealed lighting. Air conditioning unit. The equipment includes large greeting card display section, 1-2.75m open cool display unit, 2 double door glass fronted cool display fridges (on loan), 1 additional double door Monster glass fronted display fridge (on loan), 3-tier ice cream deep freezer, 1 Ben & Jerry's deep freezer (on loan), counter, 2 tills with scanning.

Storeroom
Small kitchen
Staff w.c. & wash hand basin

To the rear is a secure lock-up & there is access for deliveries

Turnover

WE ARE INFORMED the turnover currently averages £9,000 p.w. in our opinion offering further potential to increase. Wholesale newsbill £900 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £15 p.w.

Staff

The business is at present operated by 2 partners

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 5 p.m.
Closed Sundays.

Tremendous potential to increase sales with longer opening hours.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with separate rear entrance, all MODERNISED in JUNE, 2019 with NIGHT STORAGE HEATING, is at present let on a shorthold tenancy & provides a rental income of £800 per month. The accommodation comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge with fitted kitchen area
First floor terrace

Outside

2 parking spaces - 1 used by the shop whilst the other is retained for the flat

Tenure

We understand the present lease expires on the 11th November, 2029 at a rental of £29,000 p.a. plus VAT exclusive of rates for the remainder of the term. We are advised the Landlord is prepared to extend the lease to an approved applicant.

Uniform Business Rates: £5,500 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote