Convenience Store With Off Licence For Sale

Business description

MODERN SINGLE FRONTED SHOP FRONT to Sales Shop approx. 500 sq. ft. with laminated strip floor, suspended ceiling with concealed lighting and well equipped including modern adjustable shelving, 2 glass topped chest deep freezes, 1.9m open cool display unit (used for milk and dairy products), 1-3m cool display unit (used for wines and beers), 2 upright double door drinks display fridges (1 on loan from Lucozade whilst the other is on loan from Coca Cola), counter, electronic cash register, CCTV system with 8 cameras, 1 monitor plus recording system.

The vendor has recently established an Internet Café to the rear of the shop with 8 new computers. We understand that the use is charged £1.50 per hour.

Property information

Lease terms:

We understand the premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of £7,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,500 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent shopping area, WEST SUSSEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 25% approx. In addition we understand there is an income of approx. £250 p.w. in respect of the recently established Internet Café.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £62,500 Plus Stock At Valuation (£10,000 Approx). Substantial Loan To An Approved Applicant

Trading hours:

7.30 a.m. - 12 midnight seven days per week

Financing available:

Substantial Loan To An Approved Applicant.

Contact the seller