Convenience Store with Off Licence in West Sussex For Sale

Situated in a parade, excellent main road trading position, WEST SUSSEX

Turnover £ 7,000
Price £100,000

Features

Well Established Convenience Store & Off Licence

DOUBLE FRONTED PREMISES in the region of 585 ft² WITH ELECTRIC SHUTTERS AND CANOPY, laminated strip floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2 x open cool display unit (2.5 metres), drinks display fridge (glass fronted upright) (2.5 metres), walls Ice Cream Freezer, glass topped deep freeze, CCTV system (12 cameras, 1 monitor).

Stock room.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 25% approx.

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

NATIONAL LOTTERY £50 per week approx.
PAY POINT £25 per week approx.
PARCEL SERVICES £25 per week approx.

Staff

The business is at present operated by the 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 10pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2031) at a current rent of £9,960 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote