Off Licence CTN And Convenience Store In Essex For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 950/1,000 sq. ft. sales area with fluorescent lighting and fully equipped including counter, electronic cash register, shelving, 2 deep freezes, 3 double door glass fronted display fridges (used for soft drinks), 2 additional upright glass fronted display fridges (used for wines and beers) plus 1 upright double door glass fronted display fridge (used for milk) etc.

Large stockroom
Staff w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, busy road, residential and commercial area, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand the business enjoys a substantial sale of wines, beers and spirits). Gross profit we are advised 23% approx.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £109,500 plus STOCK AT VALUATION (£25,000/£30,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

7 a.m. - 9.30 p.m. seven days per week

Employees:

The business is at present operated by the owner with the assistance of his son plus additional family help.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance