Convenience Store in Erith For Sale

Situated in a parade, town centre, KENT ERITH

Turnover £ 8,000
Price £89,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

FREE CAR PARK IN FRONT FOR WE UNDERSTAND APPROXIMATELY 50 CARS

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 800 sq. ft. sales area with non-slip floor, suspended ceiling with concealed LED lighting & fully equipped including 2-2.75m open cool display units (with glass doors), small ice cream deep freezer, 1 open cool display unit, modern shelving, counter, 2 tills with EPOS scanning system etc.

Stockroom at rear

It will be appreciated upon inspection that there is potential to extend the sales are into the stockroom at rear if desired.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500/£600 p.w. Gross profit 18% approx. The business has on line national lottery with scratch cards & we understand this provides a commission of approximately £120 p.w. The business also has Oyster which we understand provides a further commission of approximately £180 p.w. The business also has Paypoint.

Staff

At present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 7 p.m.
Sunday - 9 a.m. - 3 p.m.

Outside

Small yard

Tenure

We understand the premises are held on a secure renewable lease from a private landlord having approximately 2 years unexpired at a current rental of £13,000 p.a. exclusive of rates. We further understand that the landlord will consider a surrender of the existing lease and granting a new 10/15 years lease at an initial rental of approximately £13,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years. (We further understand the landlord is quite prepared to consider, subject to satisfactory references, granting a longer lease, if desired)

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote