Convenience Store for sale in Upminster

Upminster, Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated end of parade, residential area, ESSEX

WE ARE INFORMED the turnover averages £9,000/£9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900 p.w. The business also has Oyster which we understand provides a commission of approximately £110 p.w.

The vendors own the freehold and in respect of the ground floor shop premises is prepared to grant, subject to satisfactory references, a new 20 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Busines Rates: £2,400 p.a. approx,.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE, 1986 AND THERE ARE GENUINE REASONS FOR SALE.

Monday - Saturday inclusive - 5.30 a.m. - 10.30 p.m.
Sunday opening - 5.30 a.m. - 9 p.m.
The present owners operate a Sub Post Office at the rear of the shop. We understand the owner has given notice to Post Office Counter & in our opinion there is potential for a prospective purchaser to apply to Post Office Counters to be appointed to open a Post Office Local. We understand the income is anticipated to be in the region of £10,000/£11,000 p.a. Obviously the post office appointment is entirely at the discretion of Post Office Counters.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £85,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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