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Reference G8726

Convenience Store & Off Licence in West Midlands For Sale

Convenience Store & Off Licence in West Midlands For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, WEST MIDLANDS.

Turnover £ 5,250
Price £55,000

Features

Convenience Store Plus off Licence

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS. Sales counter, lino floor, EPOS till, cigarette drawer, modern adjustable shelving, 5m open cool display unit, ice cream freezer, 2 glass topped deep freezers, glass fronted sandwich fridge, 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 £5,250 p.w. with a gross profit of 23% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £30 per week approx.
PAY ZONE £20 per week approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 9pm

Accommodation

THE SELF CONTAINED ACCOMMODATION in the form of a FLAT with Gas Fired Central Heating, Double-glazed windows in good condition, comprises:

4 Bedrooms (3 double, 1 single)
Lounge
Kitchen
Bathroom 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 from a private landlord, granted for 20 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £9,600 p.a.

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

THE BUSINESS IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (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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