Convenience Store plus Off Licence in Southampton For Sale

Situated in a parade, busy road, residential and commercial area, HAMPSHIRE SOUTHAMPTON

Turnover £ 5,500
Price £60,000

Features

Convenience Store, off Licence, Paypoint, National Lottery

CUSTOMER PARKING TO FRONT

SALES AREA 112ft² (10.4M²)

SINGLE FRONTED PREMISES. Air conditioning with hot air. Vinyl floor, plaster boad ceiling with LED tube lighting. Sales counter, EPOS till, 6ft dairy cabinet, 4 ft dairy cabinet, double door fridge, 3 single door fridges, ice cream freezer, adjustable shelving, display gondola, cigarette gantry CCTV system with 8 cameras, 1 monitors plus recording etc.

Stock room - shelved

Office

Cloakroom with toilet and sink

Rear access for deliveries.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 22% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

Approx. £30 per week commission from NATIONAL LOTTERY
Approx. £10 per week commission from PAYPOINT

Staff

The business is at present staff operated. 1 full time staff employed with the assistance of 2 part time staff. We are informed the wage bill averages £600 p.w. approx.

Trading Hours

7 Day week
SUNDAY - THURSDAY inclusive 10am - 10pm
Friday & Saturday - 10 am - 11 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2018 with reviews every 3 years (next review 2024) at a current rent of £12,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS NOW SOLELY OFFERED FOR SALE DUE TO ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£22,500 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote