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Reference G8346

General Store & Off Licence in Essex For Sale

Register to see map and to make an appointment Situated in a parade, residential area ESSEX

Turnover 6,500
Price 45,000

Features

Self Service Convenience Store, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash register, 2 open cool display units, 1 glass topped chest display deep freezer, ice cream deep freezer, upright double door glass fronted display fridge (on loan from Coca Cola), modern shelving, display gondola etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 6,500/7,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 22%.

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Outside

Garage used for stock purposes. In addition there is parking space.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of 15,400 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter. We understand there is a service charge currently of 1,200 p.a. We further understand that, subject to satisfactory references, the landlord is prepared to grant a new longer lease at terms and rent to be agreed.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 45,000 plus STOCK AT VALUATION (20,000/25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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