Convenience Store with Off Licence in Middlesex For Sale

Situated in a parade of shops, busy road, residential area with 8 schools nearby, industrial estate nearby, MIDDLESEX

Turnover £ 8,000
Price £240,000

Features

Well Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence, Atm

The business has been in the same hands for the past 23 years

Service road in front of parade with no parking restrictions

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 910 sq. ft. sales area with laminated strip floor, suspended ceiling with LED lighting. We understand the shop was refitted approximately 2 years ago. Air conditioning unit. Counter, electronic cash register with scanning, large cool display unit, 2-3.75m open cool display units, 1-2.75m open cool display unit, 1 upright double door glass fronted fridge (owned), 1 upright double door deep freezer, 1 single door glass fronted deep freezer, 3-tier ice cream deep freezer, centre display gondola, 16 cameras, monitor plus recording.

Turnover

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. We are further advised that the gross profit is in excess of 25%. The business has an Hermes Parcel Agency which we understand has a commission in the region of £300 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £100 p.w. The business also receives commissions of £70/£100 per month in respect of an ATM machines, £340 every 3 months Inpost lockers, £145 per month Amazon lockers & £100 per month in respect of a recycling bin to front.

Staff

At present operated by a husband & wife team & no staff are employed.

Trading Hours

7 a.m. - 9.30 p.m. seven days per week

Accommodation

The accommodation all in GOOD CONDITION with TRIPLE GLAZING & FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Shower room with shower, w.c. & wash hand basin
Lounge
Kitchen

Outside

w.c.
Garden. Car parking space

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring 2027 at a rent of £13,740 p.a. next review October, 2022.

Uniform Business Rates: Nil payable at present after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS £240,000 plus STOCK AT VALUATION (£22,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 120,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote