Convenience Store and Off Licence in South Wales For Sale

Terrace property, excellent trading position, residential area, SOUTH WALES

Turnover £ 9,500
Price £100,000

Features

Convenience Store with off Licence

DOUBLE FRONTED PREMISES in the region of 980 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, Costa Coffee Machine, cigarette draw, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright four-door), glass fronted upright double-door Freezer, 2 x ice cream freezer, CCTV system (10 cameras, 1 monitor).

Office

Rear metal Stock container in garden.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 28% approx.

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

NATIONAL LOTTERY £25 per week approx.
PAY ZONE £10 per week approx.
PAY POINT £10 per week approx.
UPS PARCEL £20 per month approx.
ATM £100 per month approx.

Staff

The business is at present operated by the Husband & Wife team with 1 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 5am - 11pm
SUNDAY 6am - 10pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £12,000 p.a.

Business Rates from April 2024 £700 approx. (Please contact local authority to confirm)

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote