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Convenience Store with Off Licence in Hornchurch for sale

Reference G5424

Register to see map and to make an appointment Residential area, ESSEX HORNCHURCH

Turnover 4,800
Price 65,000

Features
Semi Detached Self Service Convenience Store, Full Free off Licence

DOUBLE FRONTED MEDIUM SIZED SALES SHOP occupying a corner position. Fluorescent lighting. Fully equipped including counter, electronic cash register, the business is very shelved with some new shelving recently fitted, ice cream deep freeze (owned), chest deep freeze, 1 new 5m open cool display unit. CCTV system with 4 cameras, monitor plus recording.

Stockroom with shelving
Staff w.c.
Turnover
WE ARE INFORMED the turnover averages 4,800 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 25% approx.
Staff
The business is at present mainly staff operated.
Trading Hours
Monday - Saturday inclusive - 11.30 a.m. - 10.30 p.m.
Sunday opening - 12 noon - 10.30 p.m.
Accommodation
The accommodation situated on the ground floor to the rear of the shop is a FLAT, refurbished and with FULL GAS FIRED CENTRAL HEATING, comprising:

2 Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Kitchen

This accommodation is rented by 1 of the staff at 40 p.w. whilst the other double bedroom is let on a shorthold tenancy at 45 p.w.

In addition on the first floor is a SPACIOUS SELF CONTAINED FLAT, let on a shorthold tenancy and providing a rental income of 700 per month, however, we understand that vacant possession can be given on completion, if required. The first floor accommodation is FULLY DOUBLE GLAZED, FULL GAS FIRED CENTRAL HEATING and all in GOOD CONDITION, comprising:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Outside
Yard at side of shop providing parking space for 3/4 cars.
Garage
Tenure
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 10 years unexpired at a rental of 12,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 65,000 plus STOCK AT VALUATION (15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT Subject to status, you can borrow up to 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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