Off Licence & Convenience Store in Essex For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, ESSEX

Turnover £ 3,500
Price £55,000

Features

Modern off Licence

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 680 ft² with ELECTRIC SHUTTERS & SLIDING DOOR. Tiled floor, suspended ceiling with LED lights. Sales counter, cigarette gantry, EPOS till, modern adjustable shelving, 3m open cool display unit, 1.5m open cool chest fridge, glass fronted upright double door drinks display fridge. CCTV system (2 cameras, 1 monitor).

Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a gross profit of 25% approx.

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

PAY POINT £10 per week approx.

Staff

The business is at present operated by the vendor plus his brother on a part time basis

Trading Hours

6 Day week
MONDAY - SATURDAY 9 a.m - 9 p.m

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £8,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote