Convenience Store with Off Licence in Suffolk For Sale

End of terrace prade, excellent main road trading position, residential, office and commercial area, Suffolk.

Turnover £ 6,000
Price £50,000

Features

Convenience Store Plus Off Licence

SINGLE FRONTED RETAIL SHOP in the region of 375 ft² with tiled floor, fluorescent lighting, sales counter, cash register, open cool display unit (3 metres), modern adjustable shelving, 2 meter glass topped freezer, 1.4 meter glass topped freezer, CCTV system (3 cameras, 1 monitor).

Small Stock room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 50% approx.

Staff

The business is at present operated by the vendor's mother with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 10am - 8pm
SUNDAY 10am - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2024 with reviews every 5 years (until 2029) at a current rent of £8,400 p.a. + VAT

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus OPTIONAL STOCK AT VALUATION (£20,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote