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Reference G8427

Convenience Store, Newsagent and Off Licence in Essex For Sale

Convenience Store, Newsagent and Off Licence in Essex For Sale
Convenience Store, Newsagent and Off Licence in Essex For Sale Buy a Convenience Store, Newsagent and Off Licence in Essex For Sale Sell a Convenience Store, Newsagent and Off Licence in Essex For Sale Convenience Store, Newsagent and Off Licence in Essex For Sale for Sale Convenience Store, Newsagent and Off Licence in Essex For Sale for Sale

Register to see map and to make an appointment Situated in a parade of shops, residential area, ESSEX

Turnover 6,500
Price 70,000

Features

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

AMPLE PARKING IN FRONT OF PARADE

SINGLE FRONTED SALES SHOP in the region of 500 sq. ft. sales area wth non-slip floor, suspended ceiling. The equipment includes counter, electronic cash register, modern adjustable shelving, 1-2.5m open cool display unit, 1-3.75m open cool display unit, display gondola. CCTV system with 5 cameras, monitor plus recording.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,500 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 excess of 20%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 30 p.w.

Staff

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

Trading Hours

7 a.m. - 9 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of 13,400 p.a. exclusive of rates up to May, 2021 with rent to be agreed thereafter.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION (10,000/15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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