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Convenience Store & Off Licence in Broadstairs For Sale

Convenience Store & Off Licence in Broadstairs For Sale
Buy a Convenience Store & Off Licence in Broadstairs For Sale Sell a Convenience Store & Off Licence in Broadstairs For Sale

Register to see map and to make an appointment End of terrace, sought after position, residential area with large school & University nearby plus offices, KENT BROADSTAIRS

Turnover 10,000
Price 115,000

Features

Unopposed well Fitted Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence

Forecourt to ATTRACTIVE SALES SHOP in the region of 450 sq. ft. sales area, suspended ceiling with LED lighting. Recently renovated and refurbished to a high standard. 2 Air conditioning/heating units. 1.75m open cool display units, 1 3-door sliding glass fronted display fridge, 1 upright single door display deep freezer, 3 display gondolas, modern shelving, CCTV system with 16 cameras, monitor plus recording.

Staff w.c. & wash hand basin

Basement with deep freezer, oven (on loan from Bake & Bite)

Turnover

WE ARE INFORMED the turnover averages 10,000/11,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 600 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 50 p.w. The business also has Paypoint, UPS parcel collection point. The business has an ATM available 24/7.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 full time & 2 part time staff. 6 morning newsboys. Delivery charge 1.55 p.w.

Trading Hours

Monday - Friday inclusive - 6 a.m. - 9 p.m.
Saturday & Sunday opening - 6.30 a.m. - 9 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 22 years unexpired from January, 2018 at a rental of 13,500 p.a. exclusive of rates. (We understand that no increase was requested at the present time at the last rent review in January, 2018 and we are further advised that the rent reviews are every 3 years).

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 115,000 plus STOCK AT VALUATION (20,000/22,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 57,500 (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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