Modern Convenience Store with Off Licence in Kent For Sale

Situated in a parade, excellent High Street trading position, KENT.

Turnover £ 12,000
Price £175,000

Features

Modern Convenience Store, with Counter Newspapers, Off Licence and National Lottery

DOUBLE FRONTED PREMISES, in the region of 1,750 ft², WITH ELECTRIC SHUTTERS, CCTV (16 cameras), Tiled flooring, suspended ceiling with LED lighting.

Sales counter, 2 EPOS cash registers, 5 chillers each triple door, 2 double door freezer, chest freezer, double door chiller, adjustable shelving, sush machine, coffee machine, printer, Walls ice cream freezer.

Store room.

Staff cloakroom with toilet and wash hand basin.

Stairs to first floor, in the region of 375 ft².

Used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £500 p.w.

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

NATIONAL LOTTERY £100 per week approx.

Staff

The business is at present operated by the vendor's wife with the assistance of 1 part time staff and family as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m. - 9 p.m.
SUNDAY 9 a.m. - 7 p.m.

Outside

Yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) due to expire in October 2026 at a current rent of £16,000 p.a.

We are advised the Landlord will grant, to an approve applicant, a new 15 years lease, to run from October 2026, with rent reviews every 5 years at an initial rent of £20,000 p.a..

Business Rates from April 2025 £4,800 approx. (after small business relief) Please contact local authority to confirm.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023 AND FOR SALE DUE TO THE VENDOR'S FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote