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Reference G7872

Convenience Store in Surrey For Sale

Convenience Store in Surrey For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, densely populated residential area, SURREY

Turnover 9,500
Price 110,000

Features

Self Service Convenience Store, Full Free off Licence

SINGLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting. The equipment includes counter, electronic cash register, 2 glass topped chest display deep freezers, 2-3m open cool display units, modern shelving etc.

Stockroom with shelving
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand that this providing an income of approximately 20 p.w. The business also has Paypoint which we understand provides a further commission of approximately 20 p.w. The business also has Oyster which we understand provides a further revenue of approximately 150 p.w.

Staff

The business is at present operated by the vendor's brother-in-law with the assistance of his wife plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 6 p.m.

Tenure

We understand the premises are held on a secure renewable lease the present lease having approximately 8 years unexpired at a rental of 12,500 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 2,900 p.a. approx. (should be reduced with small business relief)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 110,000 plus STOCK AT VALUATION
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

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