Well Fitted Londis Store in Essex For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, ESSEX

Turnover £ 8,000
Price £110,000

Features

Well Fitted Londis Store

We are advised 24 residential flats have been approved plus on the ground floor private gym/boxing centre proposed next door, in our opinion offering further potential to increase the turnover.

NEWLY FITTED OCTOBER 2020 TO A HIGH STANDARD

DOUBLE FRONTED PREMISES in the region of 820 ft² WITH ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with concealed lighting. Air conditioning with hot air. Sales counter, 2 EPOS tills, cigarette gantry, 4-2.5m open cool display units, 3 double door freezers, modern adjustable shelving. CCTV system (20 cameras, 2 x 40" monitors). Vape Station, etc.

Large Stock room

Stairs to toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. during winter months increrasing to £11,000 summer months with a gross profit of 26% approx. Wholesale newsbill £300 p.w.

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

NATIONAL LOTTERY £80 per week approx.
PAYZONE £10 per week approx.
PAYPOINT £10 per week approx.
ATM £90 per month approx.

Staff

The business is at present operated by 3 full time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 11pm
SUNDAY 8.30am - 10pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2016 with reviews every 4 years (next review 2024) at a current rent of £19,500 p.a.

Business Rates from 10.3.22 - 10.3.23. £4,000.54. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE OCTOBER 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£45,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote