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Reference G8735

Convenience Store with Post Office in Hertfordshire For Sale

Convenience Store with Post Office in Hertfordshire For Sale
Convenience Store with Post Office in Hertfordshire For Sale Buy a Convenience Store with Post Office in Hertfordshire For Sale Sell a Convenience Store with Post Office in Hertfordshire For Sale Convenience Store with Post Office in Hertfordshire For Sale for Sale

Register to see map and to make an appointment Situated in a small parade, excellent trading position, residential area, 3 schools close by, HERTFORDSHIRE

Turnover £ 7,000
Post Office £ 40,000
Price £149,500

Features

Post office & Convenience Store

FREE PARKING TO THE FRONT

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with LED lights, EPOS till, 1.5 meter cigarette gantry, 3.75m open cool display unit ice cream freezer, modern adjustable shelving. Post Office Counter 2 positions with anti-bandit screen etc.

2 Stock rooms

Kitchen

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.. Wholesale newsbill £750 p.w. POST OFFICE income in the region of £40,000 p.a. approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission £40 p.w. in respect of Oyster.

Staff

The business is at present operated by 3 full time staff. 4 newsboys employed. Delivery charge £5.88 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 7pm
SUNDAY 7am - 1pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE Council lease granted for 15 years in 2013 with reviews every 5 years (next review 2023) at a current rent of £12,000 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 £149,500 plus STOCK AT VALUATION (£25,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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