Off Licence Convenience Store Rainham Essex For Sale

Business description

LOCATION:
This double unit is situated in an extremely densely populated residential area and is also surrounded by many extremely large industrial areas with many small to medium sized businesses resident. The business is also very close to the main Ford Works and is also situated within the Thames Gateway development area with many new flats scheduled to be developed.

DESCRIPTION:
This is a double fronted unit with central double glazed entrance door and plate glass windows on either side for poster display etc. All the front of the shop has roller shutters. The inside of the shop is fully fitted with serving counter and electronic till, 15’ wine and beer chiller cabinet, dairy cabinet, frozen food cabinet, Coca Cola drinks refrigerated cabinet, central gondolas, wall shelves, crisp display stand, further shelving for red wines, ice cream freezer, cigarette gantry and Western Union equipment behind serving counter, Pay Pal machine being installed.

To the rear of the shop is a small kitchen area with stainless sink unit and base units with access to the rear yard. In addition there is a staff cloakroom with low level wc and wash hand basin.

BASEMENT:
Approx. 24’ x 12’ with access from the shop, or via hatch in the rear garden, ideal for storage. Further room of 14’ x 10’ with lockable door which would be ideal for wines and spirits and cigarette storage.

ACCOMMODATION:
To the rear of the property is the entrance to the living accommodation. Part glazed front door leading to entrance hall with stairs to first floor landing area with access to:

KITCHEN:
Very good size square kitchen with stainless steel sink unit and drainer, base units with cupboards under, wall cupboards, central heating boiler, cooker and extractor unit, window to rear.

FIRST FLOOR LANDING AREA:
Access to all rooms.

BEDROOM ONE:
Very large double bedroom with double glazed windows to front, radiator.

BEDROOM TWO:
Very large double bedroom with double glazed window to rear, radiator.

BEDROOM THREE:
Single bedroom with double glazed window to rear, radiator.

LOUNGE:
Very spacious and to include two double glazed windows to the rear, two radiators, tv point, ample power points.

BATHROOM:
White suite to include panelled bath, pedestal wash hand basin and low level wc, part tiled walls.

OUTSIDE:
A large yard/garden of some 100’ x 30’ which is adjacent to a side road and subject to planning permission could possibly have development potential.

TURNOVER:
We understand from the Vendor the turnover is currently £5,000 per week and returning a gross profit margin of some 35%. However, with the addition of certain lines, especially Newspapers and fast food (ie: sandwiches, pies etc.), the turnover would possibly double. The majority of the turnover is currently Off Licence.

STAFF:
The business is run currently by the family and with the assistance of one part time staff working weekends only.

HOURS:
The business currently opens between the hours of 11 am until 11 pm, although, again, with the introduction of more lines, including papers, the shop should open earlier.

PRICE:
We are instructed by the Vendor to offer this large freehold property for sale at a realistic price of £365,000 to include the freehold, goodwill, fixtures and fittings, or on a Leasehold price of £60,000, with the opportunity of purchasing the freehold at a later date.

AGENT’S NOTE:
This property must be viewed to appreciate the size and potential and also the opportunity of development within the grounds.

Property information

Property:

Freehold