well Established Convenience Store and Off Licence in Kent For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, KENT

Turnover £ 7,000
Price £67,000

Features

Old Established Off Licence & Indian Groceries Store

DOUBLE FRONTED PREMISES in the region of 950 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, , sales counter, EPOS till, modern adjustable shelving, 2 x open cool display unit (1.5 metres), display Freezer (glass fronted upright double-door), 2 x sliding door display Freezers, drinks display fridge (glass fronted upright double-door), 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 £7,000 p.w. with a Gross profit of 40% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £40 per week approx.

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

7 Day week
MONDAY 12 noon - 9pm
TUESDAY - SATURDAY 10am - 9 pm
SUNDAY 11am - 9pm

Outside

Parking space for 2 car.

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 2022 with reviews every 5 years (next review 2027) at a current rent of £16,500 p.a.

Business Rates from April 2025 £1,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £67,000 plus STOCK AT VALUATION (£60,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 33,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote