Well Located Convenience Store and Off Licence in Hertfordshire For Sale

Detached property, excellent main road trading position, residential area, adjacent to station, Hertfordshire.

Turnover £ 4,350
Price £89,500

Features

Well Located Convenience Store with off Licence

Established 2018

SINGLE FRONTED PREMISES in the region of 235 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with fluorescent lighting, sales counter, cigarette draw, EPOS till, modern adjustable shelving, large open cool display unit, upright glass fronted freezer, display fridge (glass fronted upright), ice cream freezer, CCTV system (9 cameras, 1 monitor).

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,200 - £4,500 p.w. with a Gross profit of 23% approx. (plus £500 sales on Deliveroo)

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

NATIONAL LOTTERY £50 per week approx.
PAY ZONE £10 per week approx.
INPOST LOCKER £300 per quarter approx.

Staff

The business is at present operated by 1 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 7am - 10pm
SATURDAY 9am - 10pm
SUNDAY 11am - 8pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£13,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote