Traditional Off Licence in Essex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Essex.

Turnover £ 6,000
Price £70,000

Features

Traditional Off Licence

SINGLE FRONTED RETAIL PREMISES in the region of 400 ft² WITH ELECTRIC SHUTTERS & DOOR LOCK, tiled floor, suspended ceiling with LED Panel lights, sales counter, cash register, cigarette gantry, modern adjustable shelving, open cool display unit (3 metres), RedBull Fridge, drinks display fridge (glass fronted upright single-door).

Stock room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 20% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 11pm
SUNDAY 10am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £14,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, 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 (£12,000 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