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Reference G8687

Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale

Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale
Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale Buy a Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale Sell a Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale for Sale Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale for Sale Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale for Sale Convenience Store with Off Licence and Post Office in Cambridgeshire For Sale for Sale

Register to see map and to make an appointment Attractive busy English market town on the River, CAMBS.

Turnover £ 8,750
Post Office £ 40,000
Price £149,500

Features

Superb General Store, off Licence with Main Post office

SINGLE FRONTED PREMISES in the region of 1,500 ft². Thermoplastic floor, suspended ceiling with fluorescent lighting. 2 position counter with EPOS, adjustable metal shelving, wooden shelving, card racks, Coca Cola drinks fridge (on free lan), open dairy chiller, open beer/wine chiller upright freezer, A/C unit, CCTV system (part owned by post office). Post office with 2 open counters, fortress counter & combi counter, photo booth.

Staff kitchen

Cloakroom with w.c.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,750 p.w. with a gross profit of 22% approx. Wholesale newsbill £600 p.w. POST OFFICE income in the region of £40,000 p.a. approx. (please note the Post Office income was £56,000 in 2019 and is growing to pre pandemic levels). We are advised the post office undertakes passport check & send, motor vehicle licencing, Parcel Force Drop & Go.

Staff

The business is at present operated by the vendor with 3 full time staff & 2 part time staff. 2 newsboys employed. Delivery charge 30p per day Monday - Friday. 40p per day Saturday & Sunday.

Trading Hours

7 Day week
MONDAY - FRIDAY 7.15 am - 10pm
SATURDAY 8am - 10pm
SUNDAY 8.30am - 10pm
We understand the premises licence allows the sale of alcohol Monday - Sunday inclusive - 6 a.m. - 23.30 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £26,000 p.a. exc VAT. We understand the Landlord is happy to extend the lease by 10 years subject to satisfactory references.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (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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