Convenience Store & Off Licence in Wallington For Sale

Situated in a terrace, main road trading position, densely populated residential area, SURREY WALLINGTON

Turnover £ 5,000
Price £440,000

Features

Freehold Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Recommended For Early Inspection Asking Price To Include The Freehold Property, Goodwill, Fixtures & Fittings £440,000 Plus Stock At Valuation

Electric shutters to DOUBLE FRONTED MEDIUM SIZED SALES SHOP probably in the region of 400 sq. ft. sales area with tiled floor, fluorescent lighting. 1-3.75m open cool display unit, ice cream deep freezer, glass topped chest display deep freezer, upright double door glass fronted display fridge, counter, modern shelving, electronic cash register. 8 cameras, monitor plus recording etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of £5,000 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 has on line national lottery plus scratch cards & we understand this provides a commission of £80 p.w. The business also has Payzone.

Staff

The business is at present operated by a lady vendor with the assistance of her husband on a part time basis.

Trading Hours

7.30 a.m. - 10 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £1,200 per month (including Council Tax & electricity charges). We understand that vacant possession of the accommodation can be made, if required. The accommodation comprises:

2 Bedrooms (1 double, 1 large single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Tenure

Uniform Business Rates: Nill payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £440,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 308,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote