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Well Fitted Convenience Store & Post Office & Subway in Kent For Sale

Well Fitted Convenience Store & Post Office & Subway in Kent For Sale
Well Fitted Convenience Store & Post Office & Subway in Kent For Sale Buy a Well Fitted Convenience Store & Post Office & Subway in Kent For Sale Sell a Well Fitted Convenience Store & Post Office & Subway in Kent For Sale Well Fitted Convenience Store & Post Office & Subway in Kent For Sale for Sale Well Fitted Convenience Store & Post Office & Subway in Kent For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, densely populated residential & commercial area, KENT

Turnover 5,500
Post Office 116,000
Price 225,000

Features

Well Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence with Main Post office & Fully Equipped Subway

Forecourt to IMPRESSIVE WELL EQUIPPED SALES SHOP in the region of 1,400 sq. ft. with quality non-slip floor, suspended ceiling with concealed lighting. 4 air conditioning units. The equipment includes 1-3.75m open cool display unit, 1-2.5m open cool display unit, modern adjustable shelving, counter, computerised till with scanning. Photo booth on a commission basis. Post Office counter with 3 fortress plus 1 open positions.

SUBWAY SECTION well equipped including 2 cool display serveover counters, computerised till.

Rear walk-in coldroom
Storeroom
2 cloakrooms each with w.c. & wash hand basin

Turnover

WE UNDERSTAND the turnover in respect of the self service convenience store with off licence is in the region of 5,500/6,000 p.w. with a gross profit of 24% approx. Post office income year ending March, 2020 116,000. We are further advised that the turnover in respect of the Subway is in the region of 4,000 p.w. with a gross profit in the region of 57% (after royality payments).

Staff

The business is at present operated by the owners plus in the retail shop/post office 1 full time plus 1 part time plus 1 additional part time at weekends.
Subway Section operated by the vendors 2 sons plus 1 full time & 1 part time staff.

Trading Hours

Monday - Friday inclusive - 8.15 a.m. - 9.30 p.m.
Saturday opening - 8.15 a.m. - 9 p.m.
(We understand the post office section operates Monday - Friday inclusive from 8.15 a.m. - 5.30 p.m. Saturday opening - 8.30 a.m. - 2 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED &with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of 1,100 per month, however, we understand that vacant possession can be given on completion, if required for personal use. The FLAT comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Outside

Yard at rear

Tenure

We understand the shop premises with accommodation are held on a secure renewable lease, the present lease expiring in 2026 at a current rental of 38,500 p.a. exclusive of rates with rent reviews every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS IN TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 225,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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