Convenience Store and Off Licence in Hertfordshire For Sale

Situated in a parade, main road trading position, residential and commercial area, HERTFORDSHIRE

Turnover £ 4,500
Price £59,950

Features

Convenience Store, Newsagents, Off Licence and Parcel Services

Double fronted SALES SHOP approx. 400 sq. ft. sales area with electic shutters. CCTV (8 cameras), with non slip industrial lino flooring, suspended ceiling with LED light panels. Air conditioning/heating. Sales counter, electronic cash register, 3 m cool display fridge, 2 x 1.25 m fridge, 1.5 m fridge, chest freezer, adjustable shelving, etc.

Stockroom

Staff w.c.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. - £5,000 p.w. with a Gross profit of 25% approx. Lucrative Wholesale newsbill £900 p.w.

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

PARCELS £400 per week approx.

Staff

The business is at present operated by the Husband & Wife team. There are newsrounds to 50 customers, delivery charge £8 - £10 p.w.

Trading Hours

7 Day week
MONDAY - SUNDAY 7 a.m. - 9 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above comprising;

4 Bedrooms (2 doubles, 2 singles)
Lounge.
Kitchen.
Bathroom with bath and wash hand basin.
Separate toilet.

Outside

Yard at read with parking for 4 vehcles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2008 with reviews every 5 years at a current rent of £24,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote