Off Licence & Convenience Store in Norfolk For Sale

Semi-detached property, excellent main road trading position, residential area, NORFOLK.

Turnover £ 5,000
Price £30,000

Features

off Licence & Convenience Store Plus Newsagents

Established July 2021 was previously a Newsagents

SINGLE FRONTED PREMISES in the region of 800 ft². Tiled floor, suspended ceiling with LED lights. Sales counter, cigarette gantry, 2-3.6m fridges, 3.6m fridge, modern adjustable shelving, ice cream freezer, glass topped deep freezer. CCTV system (9 cameras, 2 monitor), etc.

Stock room

Storting room

Office

Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000/£6,000 p.w. with a gross profit of 18% approx. Wholesale newsbill £1,800 p.w. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £100 per week approx.
PAYPOINT £15 per week approx.

Staff

The business is at present staff operated. 2 full time staff employed with the assistance of 1 part time staff. 12 newsboys employed. Delivery charge £1.75p p.w. (300 houses approx)

Trading Hours

7 Day week
MONDAY - SATURDAY 6.30am - 9pm
SUNDAY 6.30am - 8pm

Accommodation

AVAILABLE AS AN OPTIONAL EXTRA. 2 BEDROOM FLAT to rear, if required, at a rental of £400 per month.

Outside

Small Yard

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease in respect of the shop only (excluding the accommodation), with rent reviews every 4 years at a rent of £9,000 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

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

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote