Freehold Conveninece Store & Off Licence For Sale

Business description

LARGE FREEHOLD UNIT
80’ REAR GARDEN
FOUR BEDROOMS
GARAGE
LOUNGE
KITCHEN
DINING ROOM
£2,000 PW TURNOVER
HUGE POTENTIAL
MUST BE VIEWED

LOCATION:
This stand alone Convenience Store and Off Licence is situated on a main road on the outskirts of Colchester and is surrounded by Local Authority and privately owned houses.

DESCRIPTION:
The premises are fully detached and entered via a part glazed door from the main road. The shop is extremely well equipped for the trade and will include chiller cabinet for beers and wines, serve over counter with electronic cash register, cigarette gantry, hardware display stand for batteries and other household equipment, further chiller cabinet for dairy products, three central gondolas with shelving, wall shelving, frozen food cabinet, ice cream freezer. Access to stockroom with back-up freezer and back-up chiller. Access to store room two, fully shelved. Staff wc is also located at the rear of the shop.

ACCOMMODATION:
Very spacious and well maintained accommodation with access from the shop and to include – spacious lounge with radiator, laminate flooring, tv point, window to rear. Dining Room with radiator, laminate flooring, window to front. Kitchen fitted to include wall and base units with work tops, stainless steel sink unit, door leading to rear garden.

On the first floor are four double bedrooms and newly fitted bathroom with laminate flooring throughout.

Outside – rear garden of approx 75’, enclosed by screen panel fencing, mainly laid to lawn with large barn at the end of the garden requiring new roof. Double garage and two parking spaces to the side elevation.

TURNOVER:
We are informed by the Vendor the turnover is currently some £2,000 per week with a news bill of some £800 per week. However, this business is being sold for purely personal family reasons and the family have not been able to concentrate on the business for the last couple of years. The Vendor has been here for nine years and only a couple of years ago was taking some £8,000 per week and we feel, with the right hours, this figure could be achieved again.

HOURS:
The business is currently open between the hours of 6.30 am until 7.30 pm Monday to Saturday and between the hours of 7 am until 1 pm on Sundays. As previously mentioned the hours need to be increased to support the surrounding trades, ie fish and chip shop opposite, and open until 10 pm.

PRICE:
We are instructed by our Vendor Clients to offer this business and spacious accommodation for sale at a price of £449,995 to include the valuable freehold, goodwill, fixtures and fittings. Stock to be purchased at valuation.

AGENT’S NOTE:
This spacious freehold only becomes available due to the current owner’s family commitments. We would urge any freehold purchaser to view without delay. The turnover was £8,000 per week and in our opinion should be achieved again. In addition National Lottery, Pay Point, Oyster Cards etc. should be available within this store.

VIEWING:
By prior appointment with PPS

TERMS:
Each party, Vendor and Purchaser are responsible for their own legal fees.

Property information

Property:

Freehold