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Reference G8715

Well Positioned Convenience Store in Essex For Sale

Well Positioned Convenience Store in Essex For Sale

Register to see map and to make an appointment Situated in a parade, excellent High Street trading position, residential, office and commercial area, ESSEX.

Turnover £ 7,500
Price £69,950

Features

Well Positioned Convenience Store Plus off Licence

SINGLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC SHUTTERS. Tiled floor, sales counter, EPOS till, modern adjustable shelving, 2-5m open cool display units, ice cream freezer, wine fridge, additional drinks fridges, etc.

Stock room

Staff toilet with w.c. and wash hand basin

Open Plan Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500/ £8,000 p.w. with a gross profit of 22% approx. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys commissions of from:

NATIONAL LOTTERY £60 per week approx.
PAYZONE £12 per week approx.

Staff

The business is at present operated under management plus 2 full time staff.

Trading Hours

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

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 15 years secure renewable lease at a rent of £20,000 p.a. plus VAT for the first 5 years with rent reviews every 5 years.

Business Rates from April 2021 £4,300 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £69,950 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,975 (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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