Convenience Store and Off Licence In North Kent For Sale

Business description

Currently sells a good range of groceries, pre-prepared sandwiches, cleaning materials, toiletries, confectionery, ice-cream, greeting cards, cigarettes and tobacco, beer, wine and spirits. There is also a Link Cash ATM in the shop.

The shop is double fronted and well arranged to maximise the range of products on sale. It is fitted with CCTV and a free standing air conditioning unit.

The fixtures include 2 drinks fridges with doors and 2 large open faced display fridges, one for alcohol and one for milk, soft drinks, sweets, butter and sandwiches. Spirits, tobacco and mobile top-ups are sold from behind the counter and chocolate from the front of the counter. To the rear of the shop are 2 further slide top refrigerators for ice cream within an area measuring approximately 4m x 5m.

There is also shelving on both sides of the store for groceries and toiletries etc, a revolving stand for greetings cards and there is displays helving in the shop window.

In the rear section of the shop is another fridge for beer.

Behind the shop there is a staff WC and wash basin. There is ample storage including a good sized basement area with plenty of shelving and a small secured yard.

Property information

Property:

Leasehold

Lease terms:

Lock-up shop with 15 years of an 18 year lease left to run. Current rent is £9,000 and the next review is in December 2009. The rates are currently £930 per quarter.

Leasehold rent:

£9,000 per annum

Living accommodation:

We are advised that there are two opportunities to expand upon the current accommodation. There is a two bed roomed flat above the shop that is empty which a new owner if they so wished, could negotiate with the landlord to secure this living accommodation above the shop. The same landlord has offered to the existing owner the possibility of taking over a much larger ground floor building (used to be a pub) two doors along from the existing shop. The current owner believes that the larger premises, because it could accommodate more stock, would increase the takings by about one third of their current level. These matters would have to be pursued independently of the sale of the business directly with the landlord.

Location:

Situated in a lively, densely populated residential area along a busy road, this business is very well located with a regular and loyal customer base.

Premises details:

The shop is double fronted and well arranged to maximise the range of products on sale. It is fitted with CCTV and a free standing air conditioning unit.
The fixtures include 2 drinks fridges with doors and 2 large open faced display fridges, one for alcohol and one for milk, soft drinks, sweets, butter and sandwiches. Spirits, tobacco and mobile top-ups are sold from behind the counter and chocolate from the front of the counter. To the rear of the shop are 2 further slide top refrigerators for ice cream within an area measuring approximately 4m x 5m.
There is also shelving on both sides of the store for groceries and toiletries etc, a revolving stand for greetings cards and there is displays helving in the shop window.
In the rear section of the shop is another fridge for beer.
Behind the shop there is a staff WC and wash basin.
There is ample storage including a good sized basement area with plenty of shelving and a small secured yard.

Other information

Expansion potential:

The landlord has offered to the existing owner the possibility of taking over a much larger ground floor building (used to be a pub) two doors along from the existing shop. The current owner believes that the larger premises, because it could accommodate more stock, would increase the takings by about one third of their current level.

Trading hours:

Opening hours are 8.00 am - 10.00pm Mondays-Saturdays and 10.00 am- 9.00 pm on Sundays.

Inventory / Stock value:

£15,000