Old Established Convenience Store in Surrey For Sale

End of terrace, sought after residential area, SURREY.

Turnover £ 6,250
Price £94,500 / £499,950

Features

Convenience Store with Off Licence, News Papers and National Lottery

SINGLE FRONTED PREMISES in the region of 900 ft², CCTV, Tiled flooring, plasterboard ceiling with tube lighting.

Sales counter, electric cash register. Chest freezer, 2 double door fridges, ice cream freezer, adjustable shelving, greeting card racks with drawers beneath, card spinner, etc.

Store room.

Rear kitchen with cupboards, sink, microwave, fridge, etc.

Staff cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,250 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:

NATIONAL LOTTERY £70 per week approx.
UPS PARCEL £25 per week approx.

Staff

The business is at present operated by the Husband & Wife team plus 1 part time staff

3 newsrounds, delivery charge £6 - £7 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 6 p.m.
SUNDAY 7 a.m. - 1 p.m.

Accommodation

Over the shop are 2 rooms used for storage purposes.

Obvious scope to develop living accommodation s.t. planning permission.

Outside

Brick built garage at year used for stock storage.

Tenure

The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new SECURE RENEWABLE LEASE for 15 years with reviews every 3 years at a rent of £25,000 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1992, AND OFFERED FOR SALE SOLELY DUE TO OWNERS' RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £94,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £499,950 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,250 (lease) £ 349,965 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote