Search more Convenience Stores for sale in Margate
Reference G8477

General Store & Off Licence in Margate For Sale

General Store & Off Licence in Margate For Sale
Buy a General Store & Off Licence in Margate For Sale Sell a General Store & Off Licence in Margate For Sale General Store & Off Licence in Margate For Sale for Sale General Store & Off Licence in Margate For Sale for Sale

Register to see map and to make an appointment End of terrace, residential area, KENT MARGATE

Turnover 8,000
Price 80,000

Features

Self Service Convenience Store, Full Free off Licence

DOUBLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area with non-slip floor, suspended ceiling, concealed lighting. We understand the shop was recently refitted. The equipment includes 1-3.75m open cool display unit, 2-2.5m open cool units, 2 display gondolas, modern shelving, upright double door glass fronted display deep freezer, counter, electronic cash register with EPOS scanning system etc.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 23%. The business is agents for the sale of on line national lottery tickets plus scratchcards & we understand this provides a commission of approximately 70 p.w. on average. (Please note the on line national lottery machine has a rental payable per month).

Staff

The business is mainly staff operated. Staff employed 1 full time plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 7.30 a.m. - 10.30 p.m.

Accommodation

Available as an OPTIONAL EXTRA is a SELF CONTAINED FLAT over at a rental of 550 per month. The SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Yard at rear with potential for store area

Tenure

The vendor, subject to satisfactory references, is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with yard at rear at a rental of 10,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 80,000 plus STOCK AT VALUATION (28,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Convenience Stores for sale in Margate

Buy a General Store & Off Licence in Margate For Sale on NationwideBusinesses.co.uk