Old Established Convenience Store and Off Licence in Norfolk For Sale

Situated in a parade, town centre position, NORFOLK

Turnover £ 6,750
Price £70,000

Features

Old Established Convenience Store and Off Licence

SINGLE FRONTED PREMISES in the region of 370 ft² with Concrete floor, suspended ceiling with LED lights, sales counter, EPOS till, cigarette draw, modern adjustable shelving, 2 x open cool display unit, Double door Ice Cream Freezer, CCTV system (16 cameras, 1 Monitor).

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 - £7,000 p.w. with a Gross profit of 32% approx.. Wholesale newsbill £400 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 1 full time & 3 part time staff.

Trading Hours

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

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £7,800 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£15,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote