Traditional Off Licence in Essex For Sale

Situated in a parade, main road trading position, ESSEX.

Turnover £ 8,500
Price £120,000

Features

Long Established Off Licence

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, CCTV (6 cameras), Tiled flooring, suspended ceiling with LED lighting.

Sales counter, EPOS cash register, 3 x 1m fridges, 1 x 2.5 m fridge, chest freezer, modern adjustable shelving.

Staff cloakroom with toilet and wash hand basin.

Store room.

Kitchenette.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w.- £9,000 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the staff with 3 full time staff and vendor assistance on an ad hoc basis..

Trading Hours

7 Day week
MONDAY - SUNDAY 7 a.m. - 2 a.m.

Accommodation

AVAILABLE AS AN OPTIONAL EXTRA - THE SELF CONTAINED LIVING ACCOMMODATION comprises:

Three bedrooms (two doubles, one single)
Bathroom with w.c. and wash hand basin.
Lounge,
Kitchen with fitted units.

The vendor is prepared to grant a new short term tenancy agreement at a rental of £15,000 p.a..

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 16 years with reviews every 4 years (next review 2030) at a rent of £18,000 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 2005, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote