Convenience Store, Off Licence and Newsagent in Sutton For Sale

Main road trading position, residential area, SURREY SUTTON

Turnover £ 7,000
Price £89,500 / £595,000

Features

Self Service Convenience Store, News, Confectionery, Tobacco, Full Free off Licence

The business has been in the same hands for approximately 30 years & there are genuine reasons for sale.

Electric shutters to SPACIOUS SALES SHOP in the region of 1,200 sq. ft. sales area. Quality tiled floor, suspended ceilig with LED concealed lighting & well equipped including upright double door glass fronted display deep freezer, large glass topped chest display deep freezer, 1-3.75m open cool display unit, 1 sliding double door glass fronted display fridge, 1 additional double door glass fronted display fridge, ice cream deep freezer, counter, electronic cash register . CCTV system wit 16 cameras, 2 monitors plus recording etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages £7,000/£7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £650/£700 p.w. We are advised that the gross profit is in excess of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £45 p.w. The business also has Oyster which we understand provides a further commission of approximately £65 p.w.

Staff

The business is operated by 2 brothers & no staff are employed. 4 morning newsrounds. Delivery charge £1.40 p.w.

Trading Hours

Monday - Saturday inclusive - 5.30 a.m. - 11 p.m.
Sunday opening - 6 a.m. - 10 p.m.

Outside

Parking at rear

Tenure

The vendors own the freehold and subject to satisfactory refereneces are prepared to grant a new 15/20 years full repairing and insuring lease at a rental of £20,000 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

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR APPROXIMATELY 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £595,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) £ 416,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote