Convenience Store with Off Licence in Great Yarmouth For Sale

Situated in a parade, excellent main road trading position, office and commercial area, near McDonalds & KFC NORFOLK. GREAT YARMOUTH

Turnover £ 17,000
Price £200,000

Features

Grocery Store with off Licence

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 1,250 ft². CCTV (12 cameras). Air Conditioned. Laminate flooring, suspended ceiling, LED light panels. Sales counter, 2 touch screen tills, 2-3.75m chillers, glass topped 3 chest freezers, 1m Walls ice cream freezer, adjustable shelving, display racking,

Office

Kitchen with cupboard, sink and fridge.

Store room - freezer, fridge and shelving

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £17,000 p.w. with a gross profit of 27.5% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £10 per week approx.

Staff

The business is at present operated by staff. 3 full time staff & 2 part time staff. We are informed the wage bill averages £2,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m - 9 p.m
SUNDAY 8 a.m - 9 p.m

Outside

Yard with side access.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £18,000 p.a.

Business Rates from April 2023 £2,160 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£60,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote