Impressive Convenience Store with Off Licence in Middlesex For Sale

Detached property, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 12,000
Price £100,000

Features

Impressive Convenience Store Plus off Licence

FRONT FORECOURT WITH PARKING FOR 5 CARS

DOUBLE FRONTED PREMISES in the region of 1,500 ft² WITH ELECTRIC SHUTTERS, Canopy with illuminated sign. Tiled floor, suspended ceiling with spotlights. Sales counter, 2 EPOS tills, cigarette gantry, 3 large open cool display units, modern adjustable shelving, ice cream freezer, display freezer, CCTV system (16 cameras, 2 monitor).

Toilet with w.c. and wash hand basin.

Kitchen

Brick External Office

Wooden built stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a gross profit of 30% approx.

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

NATIONAL LOTTERY £50 per week approx.
PAYPOINT £10 per week approx.
ATM £300 per month approx.

Staff

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

Trading Hours

7 Day week (with 2am Licence)
MONDAY - SATURDAY 7am - 11pm
SUNDAY 8am - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £25,000 p.a.

Business Rates from April 2022 £5,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 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 (£35,000 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