Convenience Store with Off Licence in Somerset For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, NE Somerset

Turnover £ 7,000
Price £120,000

Features

Old Established Convenience Store & Off License

DOUBLE FRONTED RETAIL SHOP in the region of 1,100 ft² WITH ELECTRIC SHUTTERS, Shelving, CCTV, Newspaper Stand, Counter, Freezers (5) 1 Large and 3 regular, 1 Small. Three Multi-deck Chillers, EPOS System (RDP), Coffee Machine, Slush Machine, On Loan - Tobacco Gantry, Vapes Gantry, Walls Freezer and Red Bull Fridge.

Staff room.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 - £7,500 p.w. with a Gross profit of 27.5% approx.

Commissions received in the region of £1,200 per month approx

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff. With news rounds bringing abou £76-£80 per week.

Trading Hours

7 Day week
MONDAY - SUNDAY 6am - 1pm then 2pm - 6pm
(Closed Christmas and Boxing Day.)

Off license permits from 6:00 am to 8:00 pm with extending the timings an opportunity.

Accommodation

flat of 4 main rooms and 2 box rooms (can be rented as per lease)
THE ACCOMMODATION entrance via the shop to. The accommodation comprises:

3 Bedrooms (1 double, 2 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard with Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2014 with reviews every 5 years (next review 2029) at a current rent of £22,200 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£12,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote