Convenience Store with Off Licence in Hornchurch for sale
Residential area, ESSEX HORNCHURCH
Turnover £ 4,800
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
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.
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
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
Kitchen with fitted units
Yard at side of shop providing parking space for 3/4 cars.
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
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