Convenience Store in Kent For Sale

Situated in a parade, residential area, KENT

Turnover £ 3,500
Price £60,000 / £400,000

Features

Self Service Stores (including African, Caribbean & Eastern European Foods) Full Free off Licence & National Lottery Due To Be Introduced 26219

Forecourt ideal for display purposes. In our opinion there is terrific potential to introduce the sale of fruit & vegetables, if desired.

Electric shutters & electronically operated canopy to SPACIOUS SALES in the region of 750 sq. ft. sales area with quality tiled floor, suspended ceiling with LED lighting. Air conditioning. Counter, electronic cash register with scanning, modern shelving, 2 centre display gondolas, 1-3m open cool display unit, large 2.5m glass topped chest display deep freezer, upright slimline display fridge (on loan), double door glass fronted fridge, ice cream deep freezer.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the business recently opened & the turnover is currently in the region of £3,500/£4,000 p.w. At present specialising in Afro, Caribbean & Eastern European foods with the benefit of a Full Free Off Licence. In our opinion there is terific potential for the business to be developed as a Self Service Convenience Store, if desired. We are further advised the gross profit is in the region of 22%. We are advised the business has been approved for a National Lottery terminal which is due to be introduced 26th Feb 2019

Staff

The business is at present mainly staff operated. Staff employed 1 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 9 p.m.
Sunday opening - 10 a.m. - 9 p.m.

Outside

Large yard at rear with brick built store

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £9,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£18,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL MORTGAGE FROM AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) £ 280,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote