Convenience Store for sale in Essex

Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Busy road, residential area, ESSEX

WE ARE INFORMED the turnover averages £15,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand that this provides a commission of approximately £170 p.w. The business also has Paypoint which we understand provides a further income of approximately £100 per month.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £1,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED FLAT over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £750 per month. The FLAT comprises:

3 Bedrooms (1 large double, 1 additional double, 1 single)
Shower room with shower, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 3 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION (£30,000/£40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

or OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £700,000 plus STOCK AT VALUATION (£30,000/£40,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £195,000
Tenure : Freehold
Status: Available
Sectors:
Convenience Stores
General Stores
Newsagents
Off Licences
Supermarkets
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