Semi detached Convenience Store with Off Licence in Dorset For Sale

Semi-detached property, busy road, residential and commercial area, DORSET

Turnover £ 8,000
Price £92,500

Features

Convenience Store & off Licence

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 425 ft². Air conditioning. Delux vinyl plank flooring, suspended ceiling with spotlights. Counter, EPOS till, fridge for sandwiches and drinks, alcohol fridge, Monster drinks fridge, dairy fridge, Walls' ice cream freezer, upright freezer for frozen foods.

Kitchen

Storeroom

Toilet with sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 25% approx. The business also receives a commissions of £250 from UPS parcels, Hermes parcel service £250 per month, Krispy Kreme £120 per month & Payzone £40 per month.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff. Wages paid approximately £500 p.w.

Trading Hours

7 Day week
MONDAY - Friday 7.30 a.m - 10.30 p.m
SATURDAY - SUNDAY 8 a.m - 10.30 pm

Outside

Outbuilding in the region of 600 ft² let @ £420 per calendar month i.e. £5,040 p.a.
The lease includes car park to the side. 3 spaces let @ £40 per calendar month each i.e. £1,440 p.a.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 21 years in 2011 with reviews every 3 years (next review 2023) at a current rent of £16,000 p.a. (As will be appreciated with the current rent from the outbuilding & parking spaces, the net rental at the present time is only £9,520 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £92,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 46,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote