Convenience Store and Off Licence in South Wales For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, SOUTH WALES

Turnover £ 5,000
Price £60,000

Features

Convenience Store Plus Off Licence

LICENCED UNTIL 11pm

DOUBLE FRONTED PREMISES in the region of 420 ft² WITH SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit, 2 x drinks display fridge (glass fronted upright double-door), drinks display fridge (upright glass fronted), ice cream freezer, CCTV system (6 cameras, 1 monitor).

Stock room / Store room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 25% - 30% approx.

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

NATIONAL LOTTERY £300 per week approx.
PAY POINT £30 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9am - 10pm
SUNDAY 10am - 10pm

Accommodation

AVAILABLE AS AN OPTIONAL EXTRA £450 per month THE SELF CONTAINED ACCOMMODATION with Oil Fired Central Heating. The accommodation comprises:

1 Large bedroom.
Lounge.
Kitchen.
Showroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2002 with reviews every 5 years (next review 2027) at a current rent of £9,600 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£15,000 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